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Spending Commitments

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Lack of Transparency: Local Governments Spending Pandemic Relief Funds with Minimal Accountability

Originally Published 2 years ago — by Yahoo News

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Source: Yahoo News

Nearly one in four cities and counties in the United States have reported no expenditures from the pandemic relief funds they received, according to an analysis of data released by the U.S. Treasury Department. Critics argue that the publicly available data is misleading and fails to account for preliminary planning and differing interpretations of reporting requirements. Federal officials estimate that governments have spending commitments for over 80% of the funds, but Republicans and fiscal conservatives question the necessity of the spending. Some governments categorized their entire federal allotment as "revenue replacement," allowing them to report it as one project without providing specific details. There are no immediate penalties for incorrect or non-reporting, but calls for accountability and transparency persist.