“will erase the majority of San Francisco’s projected $650 million budget deficit over the next two years”
People have criticized the Democrats’ COVID relief bill since it contains pork. Did you know it includes a financial bailout for San Francisco and the state of New York?
Why would they include this in a COVID relief bill? Who benefits from this?
Trisha Thadani reports at the San Francisco Chronicle:
S.F’s budget will be saved from painful cuts thanks to federal stimulus. What about in the next one?
The federal stimulus package likely to be signed by President Biden this week will erase the majority of San Francisco’s projected $650 million budget deficit over the next two years, saving City Hall from having to make painful service cuts and layoffs — for now.
While the federal stimulus is a boon for the economy in the short term, it will not solve all of the city’s financial woes. San Francisco’s ultimate recovery heavily depends on how quickly parts of the local economy bounce back, from tourists visiting the city to employees returning to downtown offices.
Isn't Pelosi from San Francisco?
Probably just a coincidence. https://t.co/gJEkPq1dqL
— Joe Tundra Walker (@joedieseldodge) March 9, 2021
We just bailed out a bunch of failing entities with taxpayer dollars without making them make any changes to address the reasons they were failing in the first place. All while pretending it was a Covid relief bill. https://t.co/c7eFshAkwT
— AG (@AGHamilton29) March 9, 2021
And you wonder why no republican voted for it. https://t.co/PseiPldxjs
— Keith Hartwig (@txkahart) March 9, 2021
And let’s not forget about New York.
Carl Campanile and Bernadette Hogan report at the New York Post:
Schumer spokesman: Federal pandemic relief eliminates NYS deficit
The $1.9 trillion COVID-19 relief package passed by the US Senate wipes out New York State’s projected budget deficit — possibly negating the need for hefty tax hikes or spending cuts, Senate Majority Leader Chuck Schumer’s office said Monday.
“Ok. Thanks to @SenSchumer NYS budget deficit for this year is…..Zero, nada, niete, zilch (NY terms),” Schumer spokesman Angelo Roefaro tweeted.
The American Rescue Plan provides state government coffers with $12.6 billion in unrestricted aid, a measure championed by Schumer, the New York senior senator. The measure passed the Senate in a 50-49 vote and is expected to clear the Democratic-led House of Representatives on Tuesday and delivered to President Biden for approval.
They spit in your face and laugh https://t.co/Blc5UCaCE2
— No Strings On Me (@NoStrings_on_Me) March 9, 2021
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