Committee on Clliiugdnd Gevornmpnt Qypnirjht
February 1, 2023 City Council Meeting
RESOLUTION
WHEREAS, the Chicago Recovery Plan (CRP) provides funding for investments from 2022 through 2026, and projects funded by the CRP are multi-year investments; and,
WHEREAS, the City of Chicago ("the City") funded the CRP through $1.887 billion from the Local Fiscal Recovery Fund (commonly known as funds from the American Rescue Plan Act; LFRF and ARPA, respectively) and a $660 million General Obligation Bond; and,
WHEREAS, as of December 2022, approximately $1,291 billion was obligated or paid; another $220 million had a status of a Request for Proposal or Application was released; and another $1,036 billion was either reserved for future years or in progress; and,
WHEREAS, Q3 project and expenditure reports to the U.S. Department ofthe Treasury demonstrated that $782.2 million from the LFRF was obligated to essential city services as revenue replacement, and approximately $97.4 million from the LFRF was obligated to other community economic development programming listed in the CRP, meaning that approximately $411 million from the General Obligation Bond was obligated; and,
WHEREAS, these estimated figures demonstrate that approximately 63% of General Obligation Bond programming from the CRP was obligated, while only 47% of LFRF programming from the CRP was obligated; and,
WHEREAS, Q3 reporting to the U.S. Treasury demonstrates that approximately 24 CRP programs in the LFRF have a status of "Not Started," including Legal Services for Gender-Based Violence Survivors; Chicago Student Aid Program; High Utilizer Diversion Housing Program; Youth Justice Diversion; Neighborhood Broadband Connectivity; Gender-Based Violence Victim Services to Young People; Gender-Based Violence Prevention Education Training; Rapid Rehousing Services for Gender-Based Violence Survivors; and Emergency Fund for Gender-Based Violence Survivors; and,
WHEREAS, Q3 reporting to the U.S. Treasury d...
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