WASHINGTON – U.S. Senator Charles E. Schumer is pulling for New York State counties to receive $370 million directly - without going through Albany - as part of President-elect Barack Obama’s suggested economic stimulus package for states.
About $2 million would be directed to Chenango County.
“We are pushing for that number, and it looks like we have a good chance to get it,” said the Senator in a press conference call to reporters last Thursday. “This should greatly reduce the need for tax increases or layoffs in the localities. It is a large chunk of change for every one of our counties.”
The stimulus would come from the Federal Medical Assistance Percentage. FMAP is traditionally directed to the state and then to counties, which share the cost of Medicaid in New York State. Obama’s financial team and members of Congress, including the Senator from New York, negotiated approximately $100 billion in FMAP funding for states during a two-hour meeting on January 8.
Obama has been promoting a $775 billion spending and tax-cutting plan to stimulate the nation’s overall economy.