Baltimore City will end fiscal 2020 with a $42.3 million deficit as a result of revenue losses related to the COVID-19 pandemic, while next year’s proposed budget has become “largely irrelevant.” Mayor Bernard C. “Jack” Young submitted a budget for fiscal 2021 to the city’s Board of Estimates on Wednesday, but city officials said the spending plan does not account for new “economic assumptions” related to the novel coronavirus. The administration submitted the budget to meet the city charter’s requirements…
from https://www.bizjournals.com/baltimore/news/2020/04/01/officials-project-42-million-deficit-for-baltimore.html?ana=RSS&s=article_search
via https://baltimorecheckbook.tumblr.com/post/614201728467959808
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