Philadelphia City Council 2021 Stated Meetings of Philadelphia City Council, 25 Mar 2021

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From YouTube: Councilmember Domb Introduces Legislation to Hold Hearings on the American Rescue Plan 3-25-2021

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From the Stated Meeting of Philadelphia City Council held March 25, 2021:

Councilmember Allan Domb (At Large) introduces a resolution authorizing the Committee on Fiscal Stability and Intergovernmental Cooperation to hold a
hearing examining the use and impact of the stimulus dollars allocated for Philadelphia under President Biden’s American Rescue Plan Act.

Read the resolution: http://phlcouncil.com/wp-content/uploads/2021/03/CM-Domb-American-Rescue-Plan.pdf

A

Councilman dom offers one resolution entitled a resolution authorizing the committee on fiscal stability and intergovernmental cooperation to hold a hearing examining the use and impact of the stimulus dollars allocated for philadelphia under president biden's. American rescue planned act share, recognized.

B

Councilman don, thank you, council president. I'd like to just speak briefly regarding this resolution and its importance at this moment in time. It's just about a year ago, since this pandemic hit. Actually two weeks ago, the president of the united states officially enacted a 1.9 trillion dollar stimulus package named the american rescue plan.

B

Philadelphia now stands to receive an estimated 1.4 billion dollars in assistance in order to recover from the economic downturn and get the city back on track the school district of philadelphia. It stands to receive an additional 1.3 billion. That's a total of 2.7 billion dollars.

B

The federal dollars provided in the american rescue plan act will arrive in philadelphia incrementally with the first half being dispersed before the end of this year's fiscal year. 2021 and the second half arriving approximately 12 months later, which can be used for the city's five-year financial plan.

B

Careful planning will be needed to make the most of this influx of dollars.

B

As stated in the resolution, this presents us a unique and unique opportunity for the city to plan for its future and make significant investments in programs and policies that set philadelphia on a new trajectory the opportunity to make real investments toward reducing gun violence and dramatically draw down the tax burdens on businesses to ignite investments in long-term job growth that will reduce and combat entrenched systemic poverty.

B

This is a big opportunity for philadelphia and conversations need to start now. So I look forward to this hearing, I hope to have the support of this body today. I want to thank my co-sponsors council members, gilmore richardson, kenobi sanchez, parker jones, green bass and brooks I encourage everyone to put forward their best ideas and I'm happy to work with any of you on generating some new and bolder ideas for the city of philadelphia.

B

Thank you, council president.