New York Would Receive $50 Billion Bailout From $1.9 Trillion Relief Bill

By Mike Robert Lee February 16, 2021 | Image Source: Bongino

New York’s state government is set to receive a bailout from President Biden’s $1.9 trillion stimulus package after almost a full year of lockdowns slowed the state’s economy to a halt, resulting in a massive budget deficit.

From the Post Millennial:

New York state is set to receive more than $50 billion in COVID-19 relief funds through President Joe Biden’s enormous $1.9 Trillion COVID stimulus plan. Speaker of the House Nancy Pelosi (D-CA) sent a letter to the state’s Democratic delegation Thursday, notifying the state of the generous funding headed their way.

The bailout includes $12.6 billion in New York state coronavirus recovery funding, $10.64 billion for local governments, $12.3 billion for public schools, $8.8 billion for transit systems, $418 million for local airports, and $483 million for small businesses, according to the New York Post.

Republican lawmakers have largely resisted bailing out state governments that imposed strict lockdown measures in response to the coronavirus pandemic, citing concerns that it was unfair to states that did not impose the strict measures and could incentivize future lockdowns.

The GOP resistance forced Biden to look to the budget reconciliation process in order to pass his massive stimulus package, having all but abandoned his promise to attempt to build a bipartisan consensus.

The news also comes as Gov. Andrew Cuomo has been embroiled in a scandal related to his handling of nursing homes in the early days of the coronavirus pandemic. Cuomo had spent much of the year defending his controversial decision to send COVID-19 infected patients to nursing homes for treatment in a bid to limit overcrowding in the state’s hospitals.

But it was later revealed that Cuomo used data that undercounted the amount of nursing home deaths in the state by 50% and may have attempted to cover up the real number when the Justice Department began asking questions about the policy.

The scandal may have even cost Cuomo the support of New York City Mayor Bill de Blasio, who called the revelations “troubling” and called for a full investigation into the matter.

“Think about seniors, who their lives were in the balance and their families, you know, just desperate to get them the help they needed,” de Blasio said. “We need to know exactly what happened here. We need to make sure nothing like this ever happens again.

Author: Mike Robert Lee

Source: Bongino: New York Would Receive $50 Billion Bailout From $1.9 Trillion Relief Bill