By The Associated Press
Marking a year of loss and disruption, President Joe Biden on Thursday signed into law the $1.9 trillion relief package that he said will help the U.S. defeat the coronavirus and nurse the economy back to health. Some checks to Americans could begin arriving this weekend.
The signing came hours before Biden delivers his first prime-time address since taking office. He’s aiming to steer the nation toward a hungered-for sentiment — hope — as he marks one year since the onset of the pandemic that has killed more than 529,000 Americans.
Virginia state officials are reading the fine print of the $1.9 trillion COVID-19 relief bill and plan to meet next week with legislative leaders to start talks about how the state’s portion of the aid would be best spent, Virginia Gov. Ralph Northam’s administration said Thursday.
Virginia is expecting about $6.8 billion in state and local allocations on top of other grant funding in the bill, Secretary of Finance Aubrey Lane said. He said $3.8 billion of that will go to the state government and the rest directly to local governments.
“My personal opinion is it would have been better to have this large amount in the beginning of the crisis. And it would have . . . forestalled some of the stuff we had to deal with. But we are where we are.” – Aubrey Lane, Virginia Secretary of Finance
The legislation will send a total of $350 billion to state, local and tribal governments for costs incurred through the end of 2024. That money will arrive as Virginia finds itself in a relatively strong financial position. The state’s economy has held up well amid the pandemic, and tax revenues exceeded last year’s forecasts.
“My personal opinion is it would have been better to have this large amount in the beginning of the crisis. And it would have . . . forestalled some of the stuff we had to deal with. But we are where we are,” Layne said.
Less than two weeks ago, the Democrat-controlled General Assembly sent Northam a state budget that would fund pandemic-relief efforts, boost the state’s reserve fund and give state workers and state-supported employees a raise.
That spending plan did not assume any money was coming from the new relief bill.
Since lawmakers have adjourned, Layne said the Democratic governor will likely have to call them back to Richmond for a special session to allocate the new money.
Layne said he thinks lawmakers and the administration are “pretty well aligned” about wanting to use the money to help the people and businesses most affected by the pandemic and related economic downturn. He also said he hoped some could be used to rebuild the state’s unemployment trust fund.
Layne said the administration plans to meet with the leaders of the House and Senate money committees early next week.
Also included in the bill are provisions providing up to $1,400 direct payments this year to most Americans and extending $300 weekly emergency unemployment benefits into early September.