The State of Nevada is expected to disburse more than $148 million in CARES Act funds to what has been deemed smaller county governments to cover costs incurred during the COVID-19 pandemic.
The Coronavirus Aid, Relief, and Economic Security Act is legislation intended to address economic fallout from the COVID-19 pandemic. Gov. Steve Sisolak announced Thursday the federal funds will be distributed to counties that have a population below 500,000 people.
The funds will go out to 16 counties and incorporated cities in the state and will be based on a per capita formula to calculate the appropriate amount for each local government in an effort to ensure an equitable distribution of funds.
“COVID-19 has spared no corner of the State with its devastating physical and economic impacts. Nevadans took quick and decisive action to help slow the spread of the virus and save lives and now we are able to begin the financial recovery,” Sisolak said in a statement. “I am proud we are able to provide funding back to these counties and cities so they can put this money directly into their communities to help their local economies and residents begin their recovery from this virus.”
All counties and incorporated cities in Nevada outside of Clark County and the City of Las Vegas have a population of less than 500,000 and are eligible for the funds. Both Clark County and the City of Las Vegas will receive direct funding from the federal government.
The funds will be used to help pay for expenses incurred during the pandemic as well as pandemic related costs moving forward.