New York does not have enough money to pay for unemployment as more and more people continue to file for benefits, Gov. Andrew Cuomo said at a news briefing Monday.
“We’re out of money now,” Cuomo told a reporter when asked when the state would run out of money to provide unemployment benefits. “We are now running a $10 to 15 billion deficit, so we’re out of money now," he added.
“That’s why the federal government has to provide funding – because we don’t have the money,” he said.
As of Friday, New York has paid out $3.1 billion in unemployment benefits, said Melissa DeRosa, secretary to the governor.
Some context: A $480 billion coronavirus relief package was signed into law earlier this week, but didn't include money state leaders could use for basic operations — something several governors have spoken out against.
House Speaker Nancy Pelosi told CNN yesterday there will be another federal emergency relief bill that will include money for state and local governments that are facing budget deficits, despite Senate Majority Leader Mitch McConnell saying he did not want to issue more federal aid.