Schumer: Economic Stimulus Agreement is a Home Run for New York State - Senator Details Impact of Key Provisions on State

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SCHUMER: ECONOMIC STIMULUS AGREEMENT IS A HOME RUN FOR NEW YORK STATE - SENATOR DETAILS IMPACT OF KEY PROVISIONS ON STATE

For First Time In a Long Time On A Major Bill, New York Gets Back More Than They Put In

Schumer Fought to Secure Direct Budget Aid for NYS and Localities; Education Funding; Infrastructure Dollars; College Tuition Tax Credit; and More in Senate Bill

Senator Outlines Details of Bill and Its Impact on New York State and Localities

U.S. Senator Charles E. Schumer today announced the detailed impact of the American Recovery and Reinvestment Act on New York State, saying it would be a very good for the state, its counties and its residents. Schumer announced that that the state and localities would get $12.6 billion in direct budget relief, including $929 million that will go directly to Upstate New York counties; as well as critical funding for education, infrastructure, weatherization; an increased college tuition tax credit and local law enforcement programs like the COPS program. Schumer said this bill will do what it is intended to do: create and save jobs. By some estimates, the package will create 215,000 new jobs in New York alone, while preventing the lay-offs of thousands more.

Over the past several months, as Upstate New York counties face an historic budget deficit and the national economy continues to decline, Schumer has fought to secure the much-needed funding for the state in the Senate bill to help close budget gaps, create and save jobs, and stave off property tax hikes. Schumer vowed to continue to fight for the funding as the bill goes into a House-Senate conference, and said he would fight to restore the education cuts in the bill.

"This Economic Recovery package will be very good for New York State. It creates jobs, jobs, jobs and is one the first bills where New York gets more back from the federal government than we have put in. From funding for education, to health care and budget relief, to transportation and infrastructure, this is just what we need to get and keep people working during these very difficult times," Schumer said.

Schumer today detailed the many ways the economic stimulus package will help Upstate New York families and get the economy moving again.

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