April 9, 2020 under Featured

The $2.1 Trillion Coronavirus Relief Bill…

Federal aid to New York is coming, but how much (photo: Benjamin Kanter/Mayor’s Office)

…What’s In, What’s Not, What’s Next?

On Friday, the president signed into law The Coronavirus Aid, Relief, and Economic Security (CARES) Act. The $2.1 trillion CARES Act provides significant support for people, states, the health care system, small businesses, and yes, big businesses too.

The historic legislation is the third in a series of swift responses by Congress to ameliorate the immediate and unparalleled toll of the COVID-19 pandemic. According to early estimates, New York State is set to receive $15.1 billion in federal relief, including in human services, education, homeland security, housing, transit, independent agencies, and more.

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