Biden's economic stimulus plan would provide a major financial rescue for states and cities

[RandySF]

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[Lady Freedom Returns]

1. Bloomberg-Biden Relief Plan Tosses $350 Billion Lifeline to States, Cities

BloombergSubscribe
Biden Relief Plan Tosses $350 Billion Lifeline to States, Cities
By Amanda Albright, January 15, 2021, 11:15 AM MST

President-elect Joe Biden’s $1.9 trillion relief plan would provide a major financial rescue for states and cities, eliminating the need for deep budget cuts that would weigh on the recovery and easing the risk in the municipal-bond market.

The measure proposes $350 billion of emergency aid to states and local governments, enough to more than cover the immediate budget shortfalls caused by shutdowns to contain the virus. It would also extend $20 billion to public transit agencies like New York’s Metropolitan Transportation Authority, the subway and bus operator whose revenues have been decimated as Americans work from home.

“The top-line number is more than enough for what states and cities would need,” said Dan White, director of public sector research for Moody’s Analytics.

Read more @ https://www.bloomberg.com/news/articles/2021-01-15/biden-plan-rescues-states-cities-from-pandemic-s-financial-toll?utm_content=politics&utm_source=url_link&cmpid%253D=socialflow-twitter-politics&utm_medium=social&utm_campaign=socialflow-organic

[SheltieLover]

2. I hope blue cities in red states are direct recipients

Else repuke govs will gobble up the $!