In September, New York City released a 70-page report detailing its plans to use the $5.9 billion in stimulus funds it received from President Joe Biden’s American Rescue Plan. Those plans include a program that provides a $65 million relief fund for taxi medallion owners, $5,000 grants to 1,800 artists who suffered financially during the pandemic, and $125 million to support homeless people in the city, among other things.
The report noted that these measures are “just the beginning,” and the city’s top priority remains getting every resident vaccinated for COVID-19. In addition to Biden’s stimulus, other plans include $1.5 billion to increase employment and support small businesses, and $52.5 million to bring NYC’s tourism back to pre-pandemic levels. NYC plans to allocate $1.45 billion to extend its vaccination campaign and improve Covid testing.
Source: Business Insider