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New York State has the resources to halt billions in scheduled budget cuts and reset next year’s framework

JANUARY 6, 2021 | by Jim Brennan | GOTHAM GAZETTE

New York City Subway

By Jim Brennan, includes “… But the financial outlook for the City and State is not as bleak as first thought. … The $908 billion stimulus package just signed by President Trump includes little in the way of broad funding for state and local governments, but did include some meaningful funds for education and transportation … New York Senator Charles Schumer, the minority leader, issued a press release describing assistance coming to the state. In addition to the MTA bailout, there is $5.8 billion in education funds, $4 billion of which is for elementary and secondary education and $1.4 billion for higher education.”

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