Coronavirus USA Update: NYC expected to lose $7.4 billion in tax revenue

0
241
Coronavirus USA Update: NYC expected to lose $7.4 billion in tax revenue
Coronavirus USA Update: NYC expected to lose $7.4 billion in tax revenue

The city’s ICUs had 887 patients on Tuesday, up from 868 Monday, Mayor Bill de Blasio said.

And of the New Yorkers tested for the coronavirus on Tuesday, 55% were positive — up from 53% on Monday.

READ  Lael Brainard: Blockchain in 'Proof of Concept' Stage

De Blasio warned Wednesday that New York City is expected to lose $7.4 billion in tax revenue over the current and next fiscal year.

De Blasio urged President Donald Trump to help New York City get “back on our feet” by providing funds through the next government stimulus.

READ  Deal or no deal? Theresa May's moment of truth on Brexit, Report

“If you lead, the Senate will follow,” de Blasio said in a message to Trump.

Meanwhile, the mayor said 11,000 free hotel rooms are being provided for New Yorkers who need to quarantine.

READ  Coronavirus Updates: China downgrades all areas to low-risk for COVID-19

The rooms will be open to health care workers, the homeless and some living in overcrowded households who cannot socially distance.

Referrals will begin on April 22 through hospitals and community health providers.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.