Andrew Como told a news conference yesterday, Sunday, that the assistance we had been waiting for from Washington did not come and we now have to make drastic budget cuts that we had not seen before without reference to Specify the government services that may be cut.
Como explained that the incentive that the US federal government can provide does not compensate for state losses as a result of companies being forced to close, noting that the five billion dollars granted to New York under the bill that It was recently approved by the House of Representatives and can only be used to cover costs related to coronavirus.
He noted that the state will have to borrow in the short term to cover the immediate costs associated with lost revenue and delayed tax revenue.
The US House of Representatives approved last Friday a $ 2.2 trillion package, the largest in US history, to help individuals and companies cope with the economic slowdown caused by a virus outbreak Corona and providing hospitals with much-needed medical supplies.
