Senate Democrats narrowly passed another $2 trillion COVID-19 relief package on Saturday over near-unanimous opposition from Republican Senators. (The final vote was 50-49, with Alaska's Dan Sullivan, a Republican, absent due to the death of his father-in-law.)

By now, you're probably already aware that much of the country's minimum wage will remain at $7.25 an hour after the Senate scrapped the provision that would have gradually increased minimum wages to $15 an hour under the COVID relief bill. Another compromise will result in millions fewer of American households receiving a $1,400 stimulus check after income requirements were altered to appease centrist Democrats.

But there is relief on the way to New York, and both Mayor Bill de Blasio and Governor Andrew Cuomo applauded the deal, despite some compromises.

"Cities like New York have been on the frontlines of the COVID-19 response for almost a year and have suffered enormous challenges," de Blasio said in a statement on Saturday. "With robust local aid, we will have the necessary investments to push forward with our testing and vaccination efforts, further help small businesses, fully reopen schools in the fall and more."

Cuomo said: "While no legislation is ever 100 percent perfect, this bill provides critical resources to New York State, cities and towns, as well as much needed emergency pandemic relief to New York families."

Within the $2 trillion package, some $100 billion in aid will go to New York for the state government, education, the MTA, COVID-19 vaccines and testing, as well as aid to help restaurants, small businesses, and non-profits. Those $1,400 checks will arrive eventually for many Americans. And a weekly pandemic unemployment boost of $300 will be extended, again.

The relief package—called the American Rescue Plan—passed in the Senate on Saturday despite GOP leadership railing against the package. Senate Minority Leader Mitch McConnell said Democrats were "jamming through unrelated policy changes they couldn't pass honestly."

Nevertheless, the House is expected to pass the measure this week. House Majority Leader Steny Hoyer announced Saturday the House will vote Tuesday on the Senate-version of the package.

In a statement, House Speaker Nancy Pelosi said, "The House now hopes to have a bipartisan vote on this life-saving legislation and urges Republicans to join us in recognition of the devastating reality of this vicious virus and economic crisis and of the need for decisive action."

Here's what you need to know about the bill and how it affects New Yorkers:

Unemployment benefits

Weekly jobless payments of $300 a week will be extended until September 6th under the bill, CNBC reports. The House bill had provided $400 weekly benefits until August 29th, according to the news outlet.

In brief remarks on Saturday afternoon, President Joe Biden downplayed changes to the bill between the House and Senate. Of the unemployment benefits alterations, "the end result is ... essentially about the same."

Although that extra weekly cash is down from the original $600 weekly payments from last year, the package avoids yet another benefits cliff. The $300 weekly payments were previously going to end March 14th.

The Century Foundation estimated 1.4 million New Yorkers would have lost some or all of their benefits, according to a report the progressive think tank issued in mid-February.

Stimulus checks

A third stimulus payment is on the way for 85% of American households.

The third checks would be $1,400 per individual or dependent. You have to be making under $75,000 for individuals, under $112,500 for heads of households or single parents, or under $150,000 for married couples, according to the Washington Post.

The House version phased out the payments completely at $100,000 for individuals and $200,000 for married couples, according to the Institute on Taxation and Economic Policy. The tax policy organization estimated the Senate's proposal would benefit 280 million adults and children—17 million fewer than the House version.

NBCNews notes that if you lost income in 2020, file your taxes as soon as possible so that the payments are based on last year's income, not from before the pandemic in 2019. Additionally, only immigrants who have a social security number qualify, leaving behind undocumented immigrants, like last spring's relief deal.

COVID-19, education, and local government aid

Schumer's office says around $4 billion in funds for COVID-19 vaccines, testing, and the healthcare workforce would go to New York. That's from about $80 billion allocated for the entire country.

Funding for a national vaccination program, massive testing efforts to help reopen schools, and a proposal to hire 100,000 public health workers were a part of Biden's initial announcement on the American Rescue Plan.

Some $12 billion in aid for education would be direct to New York, from about $170 billion total nationwide, according to Schumer's office.

State and local governments across the country would get a total of $360 billion under the bill—a major change from previous relief packages that governors criticized as inadequate for states facing massive budget deficits, including New York.

Schumer, who held a press conference in Manhattan today to discuss the aid package, says $24 billion would go directly to New York's local governments. Around $6 billion will go towards New York City and another $4.9 billion to counties, cities, and other local governments in the state. Some $12.5 billion goes to New York state, around $2.5 billion less than the $15 billion that Cuomo previously said the state would need.

As a result, tax increases will be "on the table" for New York to meet its budgetary shortfall in the coming weeks. The governor and state lawmakers must finalize the budget by April 1st, all while Cuomo faces pressure to resign and mounting accusations of inappropriate workplace behavior and sexual misconduct.

"Don't get me wrong. The $12.5 billion is very, very helpful," Cuomo told reporters in a press call on Sunday. "We needed $15 billion in my opinion, so we do have a gap there."

Cuomo called the federal aid a "one-shot" deal for New York and not a recurring a transaction of funding to the state—setting up the state for a "cliff" when the infusion of extra money ends. "That's going to make the budget tricky," Cuomo said.

Transit help

The package includes around $7 billion for transit needs in New York, according to Senate Majority Leader Chuck Schumer's office. That builds on around $8 billion from previous relief bills for transportation needs.

The MTA cheered the extra relief, which includes $6 billion for the transit agency, according to MTA Chairman and CEO Pat Foye.

Foye said the extra funds would help the agency offset the impacts from the pandemic and prevent service cuts and layoffs in the coming years.

"This funding is crucial as we work to bring back ridership and recover from the pandemic," Foye said in a statement. How soon subway and bus riders would benefit is vague. The MTA's Long Island Rail Road will undergo train service cuts starting Monday.

The Riders Alliance executive director, Betsy Plum, said the American Rescue Plan "averts the collapse of our transit system and makes an equitable recovery possible." But she called on Governor Cuomo to "stop service cuts, cancel regressive fare increases, and invest in the MTA rather than raid transit funds to balance the state budget" now that some $15 billion in federal aid has been allocated to the agency.

Small business and restaurant relief

The relief package also includes $28.6 billion in aid for restaurants nationwide and another $30 billion for other small businesses and nonprofits.

The restaurant relief would be provided through a grant program with up to $10 million available per restaurant group or $5 million per individual restaurant, according to a summary from industry group, the NYC Hospitality Alliance. Most expenses would be covered, from payroll to rent and utilities. The grants may be spent on eligible expenses from February 15th, 2020 to December 31st, 2021, though that time frame could be extended by the U.S. Small Business Administration.