NEW YORK – New York’s Senior Senator says the state will receive $2 billion in additional pandemic relief funds from the federal government part of an agreement with the incoming presidential administration.
Senator Chuck Schumer (D) announced on Thursday the funding will be provided from the Federal Emergency Management Agency.
Schumer, who will likely become the new majority leader in the U.S. Senate, says the agreement was reached with the incoming Biden administration.
“President-elect Biden is laser-focused on America’s economic recovery, and this recovery begins with tackling the costs states and local governments have incurred in managing the pandemic,” Schumer said. “For New York, the costs have been huge and will take years to overcome entirely, but achieving my goal of 100% FEMA cost share to New York will mean a sigh of relief for all New Yorkers because these critical dollars will help protect essential services and workers while we deal with badly burdened budgets that have been gut-punched by COVID.”
The money will be directed to help with the local costs borne by the pandemic and closed budget gaps made worse by the pandemic. The current policy allows for 75 percent of COVID-related expenses covered by a federal disaster relief fund.
The deal means all expenses will be fully reimbursed within the coming months.