Tag: economic recovery
City and school division bank on federal funds to restart high school project, make up for revenue decline
Money that Congress approved last month to help local communities in the wake of the pandemic could help restart construction on the new Harrisonburg high school soon and is expected to fill revenue holes in the city’s budget. Money from the $1.9 trillion American Rescue Plan Act, which President Joe Biden signed into law in March, could reach Harrisonburg in the coming weeks in time to resume building the high school even before the city approves its budget for the coming year, said Harrisonburg City Public Schools Superintendent Michael Richards.
One year into the COVID-19 pandemic, unemployment remains high and many industries, individuals and families continue to struggle. However, with vaccines rolling out and consumers chomping at the bit for more normal conditions, there is hope for an economic recovery by the end of 2021, attendees of an annual Economic Outlook Meeting hosted by the Harrisonburg-Rockingham Chamber of Commerce were told Friday.