Governor Andrew Cuomo painted a grim picture on Monday during his press conference, which included the hopeful message that the pandemic would provide an opportunity to ‘reimagine’ New York.
While the messaging sounded nice at the outset, it didn’t change the core takeaway: If federal help doesn’t come New York’s way – schools, hospitals, and local governments will be gutted.
Without federal help – there will be across-the-board cuts of 20 percent to schools, local governments, and hospitals.
“This is the worst time to do this,” he said, speaking to the potential of cuts.
While another federal relief bill is being debated between Congress and the White House – it’s not clear if funding for hospitals or local governments will make it into the final product.
Among the things costing New York the most money right now – is unemployment, which saw a major backlog when the economy was shut down in March. It’s now been a month and even with improvements – many have still not gotten through the unemployment benefit process.
A report by the Tax Foundation pointed out that New York had one of the poorest backed unemployment insurance trust funds in the nation.
The state is taking the initial steps toward creating a plan for a phased reopening of the state’s economy.
However, it’s not clear what’s next in that process.
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