Trenton Bureau
The $1.9 trillion federal stimulus plan that became law Thursday includes over $25 billion for the Garden State to continue unemployment benefits, expand rental assistance and prop up governments and residents with direct payments.
President Joe Biden signed the massive economic recovery plan, known as the American Rescue Plan Act, on Thursday, just days before key unemployment programs which have propped up more than 1.5 million New Jerseyans during the pandemic begin to lapse. The American Rescue Plan will put the United States on a path to defeat this virus once and for all and restore opportunity in our economy for hardworking families all across the nation, U.S. Sen. Bob Menendez, a New Jersey Democrat, said in a statement.
Biden stimulus spares airline workers from layoffs, adds more cash for new Portal Bridge
Updated Mar 12, 2021;
Airline workers, NJ Transit and New Jersey airports were among the big winners of federal aid after President Joe Biden signed a $1.9 trillion coronavirus relief and stimulus act Thursday.
Officials for U.S. Senators Cory Booker and Robert Menendez, D-NJ, broke down what is coming to help New Jersey transportation recover from travel and ridership declines and the revenue losses that accompanied them.
The below outlines the anticipated funding.
NJ Transit
NJ Transit is slated to receive an estimated $2 billion in funding that will help the agency recover from coronavirus ridership losses. It also could help it cover projected funding gaps in fiscal years 2024 and 2025.
Stimulus check update: Some payments could arrive this weekend. Here’s how many N.J. residents will get up to $1,400.
Updated Mar 12, 2021;
Posted Mar 12, 2021
President Joe Biden signs the coronavirus relief package in the Oval Office of the White House on March 11, 2021.
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Almost 3.7 million New Jersey households will receive checks of up to $1,400 per person under the $1.9 trillion coronavirus stimulus law signed by President Joe Biden on Thursday.
A total of $9.6 billion, an average of $2,605 per household, will be coming to New Jerseyans under the law, according to Democratic U.S. Sens. Robert Menendez and Cory Booker.
“Help is on the way for working families, communities, and businesses for a stronger future,” Menendez tweeted after Biden signed the bill.
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Nearly 3.7 million New Jerseyans will be eligible for $1,400 direct payments, meaning a total of $9.6 billion in stimulus checks will go out the door to state residents.