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YONKERS, NY — June 26, 2020 — The broadcast opens in discussion with NYS Assembyman Nader Sayegh. We begin with the most pressing concern, that is, The Conference of Mayors Assert $19.5 Million Temporarily Withheld From Yonkers Awaiting Federal Reimbursement to New York State. The financial quagmire is gleaned in the article below:
Discussion delves into the capacity of Yonkers Mayor Mike Spano, NYS Governor Andrew M. Cuomo, NYS Senate Leader Andrea Stewart Cousins, Assembly Speaker Carl Heastie, Congressman Eliot Engel, U.S. Minority Senate Leader Chuck Schumer, and NYS Senator Shelley Mayer, as well as President Donald Trump has has not opined about reimbursing the State of New York for money expended with respect to the COVID-19 pandemic. The NYS budget deficit, comprised of State IOU’s to board of education in the state were at $4 billion before the pandemic. And additional encumbrance of $6 billion was cause to cover healthcare costs due to people who were felled by COVID-19, among other healthcare needs. The final outlay that brought the financial burden onto the state coffers were imposed by the federal government, an additional $35 billion. The total now stands at a deficit of $45 billion. How long will the federal government take to reimburse New York State for its outlay of funds on behalf of the federal government. Will the funding shortfall be replenished within the last six months of POTUS’ first term in office, whether he wins re-election or not?
Ancillary to that issue, can the City of Yonkers function financially after learning that the state is not within financial capacity to send $19.5 million in aid to municipalities without being reimbursed by the federal a government. The shortfall to New York State, including that expected for Yonkers, presently totals approximately $75 million.
Hezi Aris, Yonkers Tribune Publisher / Editor-at-Large thereafter engages in review of city, county, state, national, and international news with commensurate analysis. The broadcast concludes at 12Noon.
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