New York City is seizing on its $5.9 billion federal aid infusion to give $5,000 to artists, provide relief to taxicab drivers and keep outdoor dining alive.
The city has received more than any other from President Joe Biden’s American Rescue Plan, which extended $350 billion to states and local governments nationwide to help offset the toll of the pandemic.
Some have been slow to spend or even earmark the aid, in part because of the swift rebound in tax collections.
But New York City, an early epicenter of the pandemic, has moved more swiftly to allocate it. Last week, it released a more than 70-page report documenting its planned uses
→ Continue reading at Crain's New York Business