WASHINGTON — More than $50 billion in funding is on its strategy to New York State as a part of President Biden’s monumental $1.9 trillion coronavirus rescue package deal, The Post has realized.
House Speaker Nancy Pelosi notified New York’s Democratic delegation of the beneficiant package deal in a letter Thursday, the place she mentioned she believed the invoice would cross by the top of February as Congress makes use of the drastic finances reconciliation path to approve the laws with out Republican help.
The bailout contains $12.6 billion in New York state coronavirus recovery funding and $10.64 billion for native governments, Pelosi wrote in the letter obtained by The Post.
Another $12.3 billion has been earmarked for the state’s shuttered faculties whereas the Empire State’s run down transit system would obtain an $8.8 billion infusion.
New York airports are earmarked for $418 million in the help invoice and small companies shall be eligible for a pot of $483 million.
The package deal will function an urgently-needed money injection for the state which faces an enormous $63 billion finances deficit owed to income losses attributable to the coronavirus pandemic.
Pelosi credited New York’s two senators, Majority Leader Chuck Schumer and Kirsten Gillibrand for his or her “enthusiastic advocacy” in securing the funding.
Despite receiving a sizeable portion of the rescue package deal, Gov. Andrew Cuomo shall be in Washington, D.C. on Friday to ask the Biden administration for more money.
The governor — who finds himself in a raging political storm after The Post revealed his prime aide’s admission that they purposely withheld the variety of deaths from COVID-19 in nursing houses for concern it might be used in opposition to them in a Justice Department probe — will meet Biden in the Oval Office with a bipartisan group of mayors and governors to debate vaccination efforts and monetary relief.
One insider mentioned Cuomo’s office was “well aware” of the $50 billion package deal headed their manner.
In latest weeks, Cuomo has pleaded with Washington to ship further COVID-19 relief and launched a state finances proposal that depends on $15 billion in federal funding.
Republican lawmakers and former President Donald Trump had been against emergency funding for state governments going through monumental finances deficits attributable to the pandemic, describing them as “blue state bailouts.”
Cuomo’s every day briefings on the peak of the pandemic had been dominated by his public spats with the previous president who typically responded to the governor’s criticism in actual time on Twitter.