US Senator Chuck Schumer announced the just-reached COVID relief deal will bring more than $54 billion to New York workers, families, renters and small businesses and includes direct funding to state government vaccine funds.
“New York State governments will directly receive over $13 billion dollars in a variety of ways from mass transit aid, to education aid, to money for vaccinations and testing. In addition to direct relief checks, extending enhanced unemployment insurance, this deal provides another round of PPP and grants for small businesses across the state, including set-asides for minority-owned and other underserved businesses and new larger forgivable loans for restaurants as part of a funding bridge to the Biden administration where we will to fight secure additional relief,” said Schumer.
“In addition, the center of New York’s cultural life—independent music and live event venues, Broadway, independent movie theaters, museums and other cultural institutions—will receive dedicated aid to stay alive here in New York. Direct aid in the form of education funding, transit funding and highways, vaccine distribution and COVID health funding, along with emergency assistance for renters are just some of the immediate ways this legislation will help the state and city’s budgets amid the crisis,” Schumer added.
Here’s a breakdown of what the aid package provides New York:
$5.8 Billion – Education Stabilization Fund
$4B – Elementary and Secondary School Emergency Relief Fund, provides relief to K-12 public schools across the State of New York.
$1.4B – Higher Education Emergency Relief Fund, directs funds to New York’s university system, like SUNY and CUNY.
$313M – Governor’s Emergency Education Relief Fund, the governor can use these funds at his discretion to support the state’s K-12 education and higher education needs related to COVID-19. Including a set aside that will be prioritized to private schools serving low-income students who have been affected by the COVID-19 pandemic
$4.2 Billion – Emergency Transit Relief, especially the MTA ($4B), which is directly supported by the NY state budget. The remainder will support county bus services, and upstate transit agencies.
$426 Million – Critical aid to the New York State Department of Transportation (NYSDOT) to backstop declining revenues and support construction jobs.
$105.5 Million – Relief for airports in New York to continue operating safely during the pandemic. Port Authority Airports will receive: $42.7 m for JFK, $22m for LGA, $2.3 m for Stewart.
COVID HEALTH & RELIEF
$1.6 Billion – Vaccine, Testing, and Tracing, and Flexible Local Health Funding. $810M for NYS and $810M for NYC
$135M for NYC for vaccine distribution
$135M for NYS for vaccine distribution
$675M for NYC testing, tracing, isolation support and COVID mitigation
$675M for NYS testing, tracing, isolation support and COVID mitigation
RENT & EVICTION RELIEF
$1.3 Billion — Emergency Rental Assistance funding. This is the first ever emergency federal rental and utility assistance program in history. It will assist multiple New York government entities and by extension help to keep thousands of New Yorkers in their homes.
The CDC federal eviction moratorium will also be extended until January 31, 2021, and can be extended further by the next administration.
EMERGENCY CHILD CARE GRANTS
$465 Million – Child Care Development Block Grants (CCDBG) – These funds ensure that the child care sector will continue to assist essential workers and working families, and to support child care providers in meeting their increased operation costs during the pandemic.
FEMA DISASTER RELIEF FUND (DRF)
$1 Billion–FEMA estimates that in Fiscal Year 2021 New York will receive about $1 billion in FEMA aid for COVID-19 alone. Schumer just negotiated an increase of these funds in this Disaster Relief Fund (DRF) account
$13+ BILLION DIRECT TO NEW YORK GOVERNMENTS
THE DIRECT CHEKCS, UI & FEMA FUNERALS
Over $6.5 Billion for NY in Enhanced Unemployment Compensation – This bill provides billions in additional federal relief for struggling New Yorkers by extending the historic unemployment insurance reforms established in the CARES Act through March 14, 2021. Importantly, it reinstates the critical lifeline of the enhanced unemployment assistance, providing an additional $300 per week on top of all state and federal unemployment benefits. The bill also:
Extends the Pandemic Unemployment Assistance program, which provides unemployment benefits to the self-employed, freelancers, gig workers, part-time workers and other New Yorkers in non-traditional employment, and increases the number of weeks of PUA benefits an individual can claim from 39 to 50.
Provides 24 additional weeks of federally-funded unemployment insurance benefits to New Yorkers who have exhausted their regular state benefits.
Continues the full federal financing of state Shared Work programs, allowing thousands of New York employers to keep their valued employees on payroll during this downturn.
Delivers a federally-funded $100 per week additional “mixed-earner” benefit to New Yorkers who have a combination of traditional (W-2) and independent employment (1099) income (1099) and are disqualified from receiving PUA because they are still eligible for regular state benefits.
$9 Billion for New Yorkers – Direct cash payments to New Yorkers, including $600 for individuals making up to $75,000, $1,200 for couples making less than $150,000, and an additional $600 per child. This amounts to $2,400 for a family of four.
$260 Million – FEMA’s funeral assistance – financial aid to those who have lost a loved one among the over 35,000 deaths in New York caused by COVID – which comes at no cost to the state. This historic use of FEMA’s funeral assistance program ensures those grappling with unspeakable loss are not also saddled with the financial burden of exorbitant funeral costs.
RELIEF FOR NEW YORK SMALL BUSINESSES, FAMILIES, LIVE VENUES, CULTURAL INSTITUTIONS AND OTHER ENTITIES
Over $20 Billion for New York– Small Business Administration Paycheck Protection Program (PPP) to provide a second round of forgivable loans to New York small businesses, including restaurants, nonprofits and grant assistance to very small, underserved businesses and live venues, independent movie theaters, and cultural institutions, as well as:
New dedicated set-aside for PPP lending through Community Development Financial Institutions, Minority Depository Institutions, and other community lenders to reach minority-owned and other underserved small businesses and nonprofits.
New dedicated set-aside for very small businesses to gain greater access to PPP.
New larger forgivable loans for the restaurant and hospitality industries and the ability to use funds for PPE, outdoor dining enhancements, and more.
“SAVE OUR STAGES” ($15B NATIONALLY) –Dedicated relief for Broadway, comedy halls, music venues, other live entertainment, independent movie theaters, and cultural institutions—New York is positioned to get a large share of the $15 billion.
Housing cooperatives, tourism organizations, and local newspaper, TV and radio stations made eligible for PPP.
$10,000 SBA grants will be available for very small and underserved businesses in low-income communities.
Provides $3.5 billion to resume debt relief payments of principal and interest (P&I) on small business loans guaranteed by the SBA under the 7(a), 504 and microloan programs.
Includes $2 billion to enhance SBA’s core programs, including 7(a), Community Advantage, 504, and the Microloan program, by making them more affordable and useful to small businesses.
SBA Microloan Program is funded at $57 million to provide technical assistance and leverage about $64 million in microloans for minority-owned and other underserved small businesses.
The bill also extends and expands the refundable Employee Retention Tax Credit. The extension of this tax credit, through July 1, 2021, will help keep thousands of additional New Yorkers on payroll and small and mid-size employers all across New York afloat.
$15 billion to renew the CARES Act Airline Payroll Support Program which will save thousands of New York airline jobs by keeping workers on payroll without furloughs or reducing pay rates and benefits until March 31, 2021 New York will receive sizable share of these funds.
$1 billion in CARES ACT Contractor Payroll Support Program will help thousands of New York’s aviation industry contractor workers keep their paychecks.
CONNECTING MORE NY FAMILIES TO BROADBAND
$7 billion– Emergency Benefit for Broadband Service to provide free or low-cost broadband service to low-income families or those who have been recently laid off or furloughed due to the COVID-19 pandemic. New York will receive sizable share of these funds.
NY HOSPITALS & HEALTH CENTERS
$1 billion to New York in support and relief for hospitals, mental health, community health centers and providers
NEW YORK NUTRITION ASSITANCE
$13 billion nationally in Nutrition Assistance (NY will get a sizable share), which includes:
A 15% increase in SNAP benefits from January 2021 through June 30, 2021 to support the nearly 2.8 million New Yorkers who receive benefits
Increased access to nutrition benefits by waiving college student work requirements
Provides $5 million to add additional retailers to online SNAP, including for farmers markets and direct to consumer sales
Additional funding for the Emergency Food Assistance Program (TEFAP) to fund the continued work of New York’s food banks
Funding for senior nutrition through the Commodity Supplemental Food Program (CSFP) and Meals on Wheels program
Includes critical improvements to the Pandemic-EBT (P-EBT) program, which provides additional nutrition benefits for families with children who are eligible for free school lunches to help cover the cost of meals children would have otherwise received at school
Allocates $4.6 billion nationally to expand P-EBT by extending the program to help cover cost of meals for kids enrolled in childcare programs
Nutrition assistance grants for Puerto Rico, American Samoa, and the Commonwealth of the Northern Mariana Islands
Funds to support the food supply chain through food purchases, donations to food banks, and support for local food systems
ROUGH TOTAL FOR NEW YORK: $54+ BILLION Breakdown via the office of Sen. Chuck Schumer