NYSAC today renewed its call for federal coronavirus funding for states and counties in light of a new report from Moody’s Analytics that projects an additional 4 million layoffs from states and local governments across the nation.
The report, detailed in recent news accounts, underscores the need for Congress and the President to act on an additional federal stimulus package that provides direct funding for states and local governments facing unprecedented funding shortfalls as a result of the COVID-19 pandemic and economic recession.
This report falls in line with projections released by NYSAC last month that estimated that counties in New York would lose more than $2 billion in revenue as a result of the novel coronavirus.
“This report makes it clear is that we’re all in this together; if local governments and the workers they employ suffer, then entire communities and their economies suffer, as essential services are cut and unemployed workers can’t afford to visit local businesses,” said NYSAC Executive Director Stephen J. Acquario. “Our counties commend the Senate Minority Leader Chuck Schumer and the entire New York State Congressional Delegation for fighting for enhanced Federal Medicaid funding, and the leadership of Governor Andrew Cuomo for helping to control the spread of COVID-19, but we need additional help from the federal government. We need Congress to approve an additional Coronavirus Stimulus Bill that provides states and local governments with unrestricted and flexible funding.”