New ARPA Guidance and Resources for Local Governments
NEW RESOURCE FROM GFOA ON ESTIMATING LOST REVENUE
For those of you that are members of GFOA, they have a new revenue replacement calculator to assist you in calculating the amount of lost revenue you can replace with ARPA funds. It is behind their paywall so available only to members. Log in at GFOA.org to check it out.
NEWS REGARDING COBRA PREMIUMS FOR LOCAL GOVERNMENT EMPLOYERS THAT PROVIDE HEALTHCARE BENEFITS
Included in the American Rescue Plan Act of 2021 is a benefit to former employees that are utilizing the COBRA option to obtain healthcare benefits. From April 1 through September 30, 2021, employers will be responsible for covering the COBRA premiums for most former employees (there are some exceptions). Employers will recoup that cost through reduced employer-share Medicare taxes. Any local government with former employees utilizing COBRA needs to pay attention to these rules. Learn more from Diane Juffras at the SOG here.