November 17, 2021
Business

NYC business, civic leaders want ‘strategic’ use of funds

Nearly two dozen business and civic leaders urged Mayor Bill de Blasio and other leaders to prioritize the sectors and communities most affected by COVID-19 when doling out billions in federal aid — blasting the current approach as “scattershot.” 

In a Wednesday letter, representatives from the Chambers of Commerce in all five boroughs and multiple other agencies addressed the mayor, Speaker Corey Johnson and City Council members.

They pushed for the city’s proposed $98 billion executive budget to be amended over the next three weeks before it is approved, making more “strategic” use of $6 billion granted though the Biden administration’s American Rescue Plan.

“Thanks to a one-time infusion of $6 billion in flexible federal aid, New York City has the resources to achieve a rapid and equitable recovery from the ravages of COVID-19,” the…

Read full article here: nypost.com