Biden admin releases $12.7B for NY state, $4.3B for NYC in COVID stimulus

The Biden administration on Monday began to distribute $350 billion to state and local governments from his $1.9 trillion COVID-19 relief bill — with $12.7 billion going to New York state alone and billions more flowing to cities and counties.

New York City is getting $4.3 billion. But the money comes with strings attached — the Treasury Department has a list of “eligible uses” that states and localities must adhere to.