New York Mayor Bill de Blasio said the residents of the city received $40 billion in stimulus help to recover from the Coronavirus, Bloomberg reports. The relief includes stimulus checks, unemployment benefits, and Paycheck Protection Program loans.
- The first round of stimulus in New York helped the city avoid deeper revenue declines.
- New York City “must now close a $3.8 billion fiscal 2022 budget gap with federal stimulus”-Mayor.
- De Blasio has suggested that the city is in “dire, dire shape” without Washington action even as he prepares to present a new budget in January
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