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CARES Act Funding Group Discusses Small Business Relief And Funding For Counties

Boone County will receive $21.2 million from the federal Coronavirus Aid, Relief, and Economic Security Act sent to Missouri.

That money should be distributed to entities within the county, according to state Treasurer Scott Fitzpatrick.

Fitzpatrick said the state is slotted to receive $2.83 billion from the CARES Act. He said approximately 25%, or $521 million, will be sent directly to local governments — which was decided by the supplemental budget passed by the Missouri House on April 7 — leaving the state more than $1.5 billion to cover other COVID-19 related expenses.

Fitzpatrick is the chair of the CARES Act Funding Working Group, which was formed to research and decide how to spend and disperse Missouri’s CARES Act money.

The group had its first meeting Tuesday after the federal government released spending guidelines for COVID-19 relief funding last week.

To read more,visit our partners at the Columbia Missourian.