New York Gov. Andrew Cuomo said on Wednesday that the coronavirus stimulus deal reached between the White House and the Senate would be “terrible” for the state.
Cuomo, whose state has become the epicenter of the crisis in the United States, said New York would get too little help from the mammoth bill, which the Senate is expected to approve later on Wednesday.
“The Senate is considering a $2 trillion bill, which is quote-unquote ‘relief’ for business, individuals and governments,” Cuomo said during his daily briefing. “It would really be terrible for the state of New York.”
“What does it mean for New York state?” the governor asked. “It means $3.8 billion. $3.8 billion sounds like a lot of money, but we’re looking at a revenue shortfall of [as much as] $15 billion. This response to this virus has probably already cost us $1 billion, and it will probably cost us several billion dollars when we’re done.”
Read more at The Hill.