Link: https://www.governing.com/finance/As-Cuomo-Banks-on-Federal-Funds-Localities-Grow-Nervous.html
Excerpt:
Receive from above, take from below. Such is the essence of one theme of the 2021 state budget plan unveiled last week by New York Gov. Andrew M. Cuomo.
The Democratic governor’s budget plan has a basic premise: Red ink will be washed away only if his request for a bailout from the federal government happens.
Cuomo’s new budget assumes the federal government will give New York at least $6 billion over two years as part of a broader $1.9 trillion Covid-related stimulus package being negotiated by Democratic President Joseph Biden and the Democratic-led Congress.
Author(s): TOM PRECIOUS, THE BUFFALO NEWS
Publication Date: 25 January 2021
Publication Site: Governing