• 1

What’s New Today

  • New York State has 37,281 total positive cases of coronavirus and 6,448 new positive cases. New York City has 21,393 total positive cases and 3,537 new cases. So far, 385 people have died in the state.
  • Governor Cuomo announced that the state budget will have initial projections adjusted down and will have adjustment through the year reflecting actual revenue. The Governor said he is looking at quarterly adjustments done by Division of Budget to correct discrepancies between projections and actual revenue.
  • At his daily press briefing the Governor said at this point he expects the legislature to do an on-time budget but is unsure what will happen afterwards. Based on this, the Governor wants to do a budget with all of the policy proposals he is pushing.
  • During his briefing, the Governor was asked why construction is considered essential. Cuomo said he understands the concerns of the workers and agrees with them, but he thinks some construction is essential. He said the state is looking at revising the guidance.
  • The Assembly has introduced a resolution that “provides for special temporary procedures during a declared state or national state of emergency.”
  • The U.S. Senate has passed a $2 trillion coronavirus relief bill 96-0. The bill is expected to pass the House of Representatives tomorrow.
  • The massive bill includes expanded worker protections, $500 billion rescue fund to help beleaguered U.S. industries, and checks for any Americans for $1,200 for individuals and $2,400 for married couples. State and Local Governments will receive $150 billion. The hospital industry will receive $100 billion in rescue funds and the airline industry will receive $58 billion.
  • At his daily press briefing, Governor Cuomo said the bill fails to address the needs of New York.
  • Starting tomorrow, portions of four streets in New York City will close from 10 a.m. until 7 p.m. for a four day pilot program aimed at opening more space in the city to pedestrian traffic to increase social distancing. Basketball hoops will also be taken down to discourage contact sports.

Up-To-Date Guidance

  • Department of Financial Services:

Attached please find a comprehensive document with guidance from across government agencies. We will be updating this document as information becomes available and including it in our daily updates.

In addition to our regular email updates, Ostroff Associates has established two dedicated webpages that will be updated in real time with any new information from government sources relating to COVID-19. Please use these websites as a resource and share with others who would benefit.

Update Page: https://www.ostroffassociates.com/covid-19-updates/

News Page: https://www.ostroffassociates.com/category/covid-19/

Government Guidances Document 3/26/20 Update

Share this content with your networks: