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NYS to Save Thousands of Jobs With The Passing of $26 Billion in Aid

After months of negotiating among lawmakers, Education Departments nation-wide will be receiving relief in the form of $10 billion in school funds recently made possible with the passage of a $26 billion dollar aid package during a special session of the House called yesterday by Speaker Pelosi. The objective is a combined effort to prevent 300,000 teacher and public sector layoffs with $16 billion reserved to help state governments bridge massive Healthcare/Medicaid expenses weighing heavily on their budgets. In order to keep the bill from increasing the deficit, offsets were made by closing existing corporate tax loopholes and agreeing to cuts in food stamp programs slated to go into effect 4 years from now. This aid package is a relief … More >>

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