Here’s what to keep in mind as State officials grapple with the pandemic’s dire effects on New York State’s economy and finances.
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In a pandemic-induced emergency, is it a good idea to give City government limited leeway to borrow to cover operating expenses?
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The sectors of the city's economy hardest hit by the Covid-19 contraction rely heavily on immigrant workers Nearly 200,000 undocumented workers have lost jobs, and they've been left out of many unemployment relief measures.
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The CARES Act will help overcome glaring gaps. But workers and small businesses may not receive aid in a timely fashion. And assistance to immigrants, those without health insurance, and many low-income families will be severely limited.
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Elected officials have asked businesses and workers to shut down and cease what they do out of justifiable public health concerns. The first order of business for economic stimulus is to make whole those whose jobs ended because public safety demanded that.
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