By Vicki Brown
Local officials are now receiving funding from the Coronavirus State and Local Fiscal Recovery Fund (SLFRF), which will be used to improve the city’s structures and to buy property.
On September 29, 2021, the Walterboro City Council received the first allotment of funding from the Coronavirus State and Local Fiscal Recovery Fund (SLFRF) totaling $1,350,650.66.
The second portion is expected to be received this summer.
Total allocation from the State of South Carolina as appropriated by the American Rescue Plan Act of 2021 will be $2,701,301.32.
SLFRF funds from 2020 the city’s revenue loss totaled $236,346.00, while the 2021 revenue loss totaled $197,360.00.
With some of the Covid recovery funds, the city purchased the old Ford building and property located at 104 Walter Street in downtown Walterboro for a total of $377,620.04.
With this expenditure, $539,324.62 remain of the funds received and are available to the city.
A balance of $1,889,975.27 of total SLFRF funds remain for future expenditures, such as infrastructure upgrades and improvements.
“These funds are appreciated and needed after losing revenue during Covid,” said City Manager Jeff Molinari. “We purchased the Ford property, but have made no finalized plans for the property at this time.”
This ordinance will be reviewed for final approval on June 7th.
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