NYC projected to lose at least 475,000 jobs and $9.7B in tax revenueRead Full Article From POLITICO: NEW YORK — The coronavirus pandemic could plunge New York City into the worst economic crisis since the 1970s, costing the city 475,000 jobs and nearly $10 billion in revenue, a budget watchdog found. According to a new report from the Independent Budget Office, the local economy is expected to lose 475,000 jobs over the next 12 months. That would lead to a shortfall of $9.7 billion in tax revenue in 2020 and 2021, compared to previous projections.
New York will suffer $13.3 billion revenue shortfall from original forecast due to coronavirus, Cuomo saysRead Full Article From CNBC: Gov. Andrew Cuomo said Friday that New York will report a $13.3 billion shortfall in revenue compared with its original forecast — representing a 14% decline in the state’s projected receipts.
The Empire State, which has been hit harder by the coronavirus pandemic than anywhere else in the U.S., currently forecasts $61 billion in total lost revenue between fiscal years 2021 and 2024, Cuomo said.
Food Insecurity in New YorkSee Interactive Map For the tenth consecutive year, Feeding America conducted our annual Map the Meal Gap study to improve our understanding of food insecurity and food costs at the local level. The most recent release is based on data from 2018. In response to COVID-19, we also released a companion study and interactive map that illustrate the projected impact of the pandemic on local food insecurity in 2020.
New York State Provides Additional Details on $25 Million in Funding for Food Banks Through Nourish New York InitiativeRead Press Release Feeding New York State applauds Governor Cuomo's leadership in creating the Nourish New York Program. With these funds, our ten food banks will be able to significantly expand our partnerships with New York farmers and dairy producers, providing top quality food to our neighbors statewide.
USDA Increases Monthly SNAP Benefits by 40%Read Press Release. Feeding New York State shares the United States Department of Agriculture news that emergency benefit increases have reached $2.0 billion per month for Supplemental Nutrition Assistance Program (SNAP) households across all 50 states and 3 territories to increase food security during the coronavirus national emergency. These emergency benefits represent a 40% increase in overall monthly SNAP benefits, significantly increasing food purchasing power for American families.
Feeding New York State (FeedingNYS) today announced the launch of its Statewide Produce Sourcing program, appoints Jim Germain as Produce Manager to head up the program.