Michigan cities face big financial losses due to coronavirus - mlive.com
"The rainy day is here.
Governments that oversee Michigan cities and other municipalities are feeling the effects of the COVID-19 pandemic.
Local government leaders are forecasting millions of dollars in tax revenue loss, and making plans to try to stay afloat.
...On top of the revenue challenge, governments are having to provide additional staffing, meet higher demands, provide personal protective equipment and more, as the coronavirus remains a threat.
...The problem is hitting Michigan cities regardless of size.
Detroit, Michigan’s largest city, is working to plug a revenue loss in the hundreds of millions of dollars, while Iron Mountain, a small town in the Upper Peninsula, may need to find savings in employee health care and retirement costs because its staffing level never recovered after cuts during the Great Recession.
...The city of Detroit projects a $348 million revenue loss impacting the general fund for the duration of 2020, through June 30, 2021...
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