Los Angeles, CA.- Los Angeles Mayor Eric Garcetti applauded on Wednesday the approval of the economic stimulus package by the United States Lower House, which is expected to be signed in the next few days by President Joe Biden.
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Garceti referred to the American Rescue Plan as an important step to counteract the coronavirus crisis in the city. “This law will soon send financial aid to families and dedicate more resources to curb this virus. It will also allow us to expand our vaccination efforts in the city, small businesses and tenants will have more help and begin our economic recovery,” said the Mayor.
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The local president also referred to the aid that is directed to cities that will help mitigate the deficit caused by the financial crisis. Los Angeles will receive $ 1.35 billion as part of the third economic stimulus package, which allocates a total of 350 billion dollars for cities, counties and state governments that have been affected by Covid-19.
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“We are ready to receive this aid in the coming months: 1.9 billion dollars for the County of Los Angeles and 1.35 billion dollars for the city of Los Angeles,” said Garcetti, who clarified that the delivery of the aid will not It will be in a single payment, but it will be money that will arrive over two years. “That’s why it will continue to protect critical services and pay for our reserves and other portions of Los Angeles’ financial profit.”
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Through this aid, the mayor seeks to “protect jobs and get out of the economic crisis caused by covid-19”, as well as obtain greater access to vaccines for all residents and support the most vulnerable people.
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Garcetti assured that the news “brings us a lot of hope” at a time when there is optimism about the possible reopening and decrease in coronavirus cases in the city.
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– MayorOfLA (@MayorOfLA) March 11, 2021
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