Areas with High Poverty: Changing How the 10-20-30 Funding Formula Is Applied Could Increase Impact in Persistent-Poverty Counties
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Description
Provides an overview of the "10-20-30 formula" used by some agencies, including the U.S. Department of Agriculture's Rural Development, to allocate funding to persistent poverty counties. Describes how agencies identify persistent-poverty counties, the proportion of funds awarded to these counties in fiscal years 2017-2020, and the impact and limitations of the 10-20-30 formula. Highlights matters for future consideration by Congress.
Date
05/2021
Organization
Government Accountability Office
Tagged as
Community and economic development
· Funding
· Legislation and regulations
· Poverty