$1 billion in a pair of Covid relief programs is still sitting in state coffers

Two federal Covid-19 relief programs for New York authorized in November have distributed almost none of the money provided. More than $1 billion in homeowner assistance and small-business recovery funds are left on the table since being approved in March 2021. 

As the pandemic emergency decreases, some fiscal watchdogs wonder whether the relief programs are now necessary and if there’s enough oversight of the $41 billion in federal money sent directly to Albany.  

One watchdog raised the notion that the relief money could become a slush fund for the state government to use as it deems necessary.

“They had to do federal reporting of what they planned to spend money

→ Continue reading at Crain's New York Business

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