TALLAHASSEE, Fla. — The first reports from the state on how CARES Act money was spent show that the large influx of federal funds not only helped Florida cope with the coronavirus pandemic but also helped relieve severe revenue losses.
Florida has spent $4.6 billion in federal funds provided through the Coronavirus Aid, Relief, and Economic Security Act from the onset of the coronavirus pandemic through Sept. 30, according to reports Gov. Ron DeSantis' administration filed with the U.S. Treasury Department.
The state received $5.8 billion in total and must spend the remaining $1.2 billion before Dec. 31, or else it reverts back to the federal government.
