FILE - U.S. Capitol

The United States Capitol in Washington, D.C.

TownNews.com Content Exchange

(The Center Square) – Some official estimates say Minnesota may receive up to $2.18 billion of the federal stimulus package currently winding through the U.S. Capitol.

The state’s population is currently estimated at 5.6 million residents, which ranks it 22nd in the nation.

The U.S. House of Representatives is expected to pass the $2.2 trillion Coronavirus Relief Fund stimulus package on Friday and, if so, President Donald Trump has said he’ll sign it.

The U.S. Senate passed their version of the $2.2 trillion bill late Wednesday night.

The bill includes $150 billion for states, territories, local and tribal governments. All monies are mandated to address revenue declines caused by the novel coronavirus public health emergency, and will be distributed according to state population.

 “Distribution is based on population. No state shall receive a payment for fiscal year 2020 that is less than $1.25 billion,” according to the National Conference of State Legislators (NCSL) website.

NCSL also states that 45 percent of the total appropriated to each state is reserved for local governments overseeing populations exceeding 500,000. At present, only Minneapolis/St. Paul, with a combined estimated population of 3.28 million residents meets this criteria. NCSL stated it “believes the funds remaining from the 45 percent set aside for localities revert back to the state.”

As of Thursday afternoon, Minnesota has reported 346 confirmed cases of coronavirus. Two deaths have been attributed to the virus.

Nationwide, more than 75,000 cases have been confirmed, and more than 1,000 deaths have been reported, according to the New York Times.

This article originally ran on thecentersquare.com.

0
0
0
0
0

Locations

TownNews.com Content Exchange

Recommended for you

Load comments