March 17, 2023
PUBLIC FINANCE > Budget > FY 2024

Update on Remaining ARPA and Surplus Resources

Since December of 2021, the state has appropriated close to $8 billion in combined federal Fiscal Recovery Funds (FRF) and Fiscal Year (FY) 2021 and 2022 surplus resources to support a range of COVID recovery and economic development initiatives. Significant resources still remain, but tracking the amount and type of funds that are still available is a challenge for policymakers and the public.

This Brief outlines the recent history of FRF and surplus spending and summarizes the current status of remaining funds.