On Monday, Toledo Mayor Wade Kapszukiewicz announced his plan for the federal stimulus money in detail. The plan, which the Mayor calls the Toledo Recovery Plan, is a list allocating the entire $188.7 million in federal relief.
The Mayor's plan includes $130 million for Toledo Public Schools and $83 million for Lucas County. Mayor Kapszukiewicz wishes to spend the money on capital investments because the relief stimulus is a one time occurrence.
"While it is an incredible amount of money, it's one-time money, and that's important in terms of how we think about how it should be apportioned," Kapszukiewicz said.
Breaking it down more, the Mayor has $53 million going to budget stabilization, $15 million into the city workforce, $30 million into youth, recreation and parks and $30 million into creating a new police and fire training center at Scott Park. $30 million will go for job creation and redevelopment and the last $30 million for green and healthy housing and preservation.
The first half of the money is expected to arrive on May 11th and the final half will be released a year later. Local and State governments have till December of 2024 to spend the funds.