The Treasury Department just released new data on state and local American Rescue Plan spending. Here’s what we’re learning.
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1 U.S. Territories and some state governments were given their total SLFRF aid in one payment (for more details see Treasury’s “tranching of funds”).
2 Importantly, the expenditure categories and groups in the Q12022 dataset are different than the ones used for the first batch of data released (which covered March 2021-December 31, 2021). The Q12022 dataset uses the groups and categories created under the final rules for the SLFRF program whereas the first batch of data used the ones that were created under the interim final rule.
3 While preparing this analysis, we observed that project-level data on Treasury’s Expenditure Category Groups did not always accurately match to the correct Expenditure Categories. We therefore recoded the data on Expenditure Category groups and used this recoded data as the basis for our analysis. The difference between the recoded data and the version released by the Treasury Department are relatively minor.
4 In the Q12022 data the CVI expenditure category is 1.11. For this blog we included any projects that governments categorized as EC 1.11, and we did not scrutinize whether those projects were indeed CVI.