Economics

New Yorkers Received $40 Billion in Stimulus Help, Mayor Says

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New York City residents received $40 billion in stimulus benefits that have been critical to the city’s recovery from the coronavirus, Mayor Bill de Blasio said.

The $40 billion, which includes stimulus checks, unemployment benefits and Paycheck Protection Program loans, shows how much the city needs action on additional federal stimulus, de Blasio said. The city avoided deeper revenue declines because of the first round of stimulus, he said.