The gap illustrates how severe the economic crisis has been in New York, and how aid programs may be falling short. Source: New York Times
Posts published in “Stimulus (Economic)”
N.Y.’s Transit System Could Receive $10 Billion in Infrastructure Deal
By Gotham Rex on July 30, 2021
The $1 trillion compromise bill worked out this week in the Senate includes billions of dollars for subways, buses and railroads in the metropolitan area. Source: New York Times
New York to Spend $65 Million to Rescue Cab Drivers. Is It Enough?
By Gotham Rex on March 9, 2021
The city will use part of the money it expects to receive in the federal stimulus package to aid drivers who fell victim to exploitative loans. Source: New York Times
Gov. Phil Murphy Unveils N.J. Budget Plan With No New Taxes
By Gotham Rex on February 24, 2021
A $44.8 billion spending plan unveiled Tuesday by Gov. Phil Murphy calls for no new taxes and fully funds the state pension program for the first time since 1996. Source: New York Times
How Mayor de Blasio Plans to Lead the City Out of the Pandemic
By Gotham Rex on January 28, 2021
The mayor announced an ambitious plan to help New York City recover, including vaccinating five million residents by June. Source: New York Times
Cuomo Offers Doomsday Proposal to Attack a Possible $15 Billion Deficit
By Gotham Rex on January 19, 2021
The governor floated an increase in income tax on top earners as he warned that the state might have to cut $2.6 billion in school and Medicaid spending. Source: New York Times
Public Transit Faces Huge Service Cuts Across U.S.
By Gotham Rex on December 6, 2020
Reeling from the pandemic, transit agencies are grappling with drastic reductions in ridership and pleading for help from Washington. Source: New York Times
Crowded Subways? Yes, in Neighborhoods Where People Have to Go to Work
By Gotham Rex on December 2, 2020
Even as Manhattan stations remain eerily empty, a surge of commuters in other boroughs has pushed overall ridership to 30 percent of normal levels. Source: New York Times
The Perilous State of the Subways: 5 Takeaways
By Gotham Rex on November 20, 2020
A doomsday plan could slash subway service by 40 percent, eliminate bus routes and cut jobs if the M.T.A. doesn’t get billions in federal aid. Source: New York Times
Subway Service Could Be Cut 40% if No Federal Aid Arrives
By Gotham Rex on November 18, 2020
On Wednesday, transit officials announced some new details of proposed service cuts, including slashing weekend service and eliminating bus lines, to address its multibillion-dollar budget hole. Source: New York Times
What Biden’s Win Could Mean for New York: 5 Takeaways
By Gotham Rex on November 9, 2020
A Biden presidency could bring more recovery funds to the city and boost plans to build a new rail tunnel under the Hudson River. Source: New York Times
One-Third of New York’s Small Businesses May Be Gone Forever
By Gotham Rex on August 3, 2020
Small-business owners said they have exhausted federal and local assistance and see no end in sight after months of sharp revenue drops. Now, many are closing their shops and restaurants for good. Source: New York Times