The performance period runs until 2026, according to the Ohio OMB website. The funds “can only be used for costs incurred” from March 3, 2021 to 2024, he said.
The city became eligible earlier this year after the passage of an Ohio bill, according to the records. HB 168 allows cities, towns and townships of less than 50,000 residents to receive part of the $ 130 billion plan for local governments signed by President Joe Biden for coronavirus relief.
According to the Greater Ohio Policy Center, Ohio policy makers have allocated $ 422 million to Ohio townships and “lawless” cities, including Centerville.
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The bailout funds can help offset “the loss of income they suffered as a result of the crisis,” according to the Treasury.
They can also be used to “help them cover the costs incurred in responding to the public health emergency and supporting the recovery – including by helping households, small businesses and non-profit organizations, l ‘helping affected industries and supporting essential workers,’ according to the site.
Centerville used about $ 110,000 of CARES law funds last year to help businesses – which pay income taxes representing 85% of its revenue base – and nonprofits remain open, said city officials. He also relaxed the guidelines, helping to reduce job losses.
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Centerville’s net tax revenue for 2020 increased 1.25% from 2019, with total income tax collections last year at $ 20.36 million, Roark said.
Keeping small businesses viable in 2020 using funds from the CARES Act was a priority for the city, Centerville City Manager Wayne Davis said.
Many businesses have adapted their operations to COVID restrictions and the city has relaxed guidelines to help them stay open, he added.
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