Hundreds of billions of dollars could be coming to local governments across the U.S. as part of a new round of federal aid.
It’s the kind of relief that Governor Andrew Cuomo has been calling on Congress to pass for weeks.
The National Governors Association says the need for states at around $500 billion.
New York has a deficit of nearly $61 billion, according to Cuomo. However, it’s unclear how much of that $500 billion would come to clear the deficit.
State’s would receive a proportionate amount of it based on population.
Senate Majority Leader Mitch McConnell, have been skeptical of direct relief for states. He contended that states should have to file for bankruptcy, even though as a practicality – it’s not entirely possible.
“I have spoken with local elected officials from across the district, many of whom have faced severe revenue shortages as a result of the shutdown. The SMART Fund will provide direct, flexible assistance to our local governments and municipalities to help them get back on their feet. I will continue to work with my colleagues in a bipartisan fashion in order to ensure that our communities continue to receive critical support throughout this crisis and beyond,” Rep. Elise Stefanik told Spectrum News.