Front Royal considers local stimulus package
In a Town Council meeting on Monday, Interim Town Manager Matt Tederick put forth the idea of a $1.5 million dollar local stimulus package. $1 million could be directed toward businesses, and the other $500,000 to unemployed residents. However, the Town is unsure of the best way to do this.
Ideally, the relief package should target those in greatest need of recovery. An estimated 30 percent of local small businesses will not survive the pandemic on their own and should be given priority. There is also the question of when would be the best time to distribute a stimulus package. The package may wait until June, when it can help businesses start up again.
The Town also considered ways of reducing the financial strain on residents rather than just distributing money. The Town has already provided assistance and relief by absorbing credit card convenience fees and postponing penalties and interest, for example.
Whatever the response is, it will likely not be uniform to all businesses and residents. Council members suggested providing reductions on bills based on someone’s unemployment status and payment history, as well as giving priority to businesses that were forced to close.
While there are a lot of details to work out, town staff believe that they can set up a package that is as fair as possible and targets the businesses that have been most impacted.
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