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COVID-19 Federal and State Expenditures

The federal government passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act in March 2020 and the American Rescue Plan Act (ARPA) in March 2021. The purpose of these acts was to provide economic support to those impacted by COVID-19. In total, the State of Vermont, its institutions, and individual Vermonters received approximately $10.9 billion in funding from these acts. This includes $2.25 billion which was distributed through the state legislature to various programs in order to assist Vermont residents and businesses.

Quickly disbursing funds aimed at mitigating this crisis while avoiding fraud, waste, abuse, and mismanagement is a critical but challenging task.

State
$4.9 billion
Small Business
$1.8 billion
Higher Education
$127.9 million
Hospitals
$340 million
Community Health Centers
$58 million
Economic Impact Payments
$1.6 billion
Unemployment Insurance
[Coming soon]
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Memoranda
4/30/2021 Memo to ACCD: Use of federal tax loss for purposes of businesses’ eligibility for COVID-19 financial assistance
4/20/2021 Memo to Legislature: H.315 Economic Recovery Bridge Grants
2/22/2021 Memo to Legislature: Proposed Gap Recovery Grants
7/8/2020 Memo to Legislature: Economic Recovery Grant Program
6/12/2020 Memo to Legislature: COVID-19 Audit Provisions
6/8/2020 Memo to Legislature: Economic Recovery bill (S.350)
6/1/2020 Memo to Legislature: Proposed Economic Injury Disaster Loans
5/4/2020 Memo to JFC: Examination of COVID-19 Expenditures
5/1/2020 Memo to Finance and Management: SBA Payroll Protection Program risk