The county could lose anywhere from $18 million to $38 million in tax revenues due to the coronavirus pandemic, according to the earliest projections prepared by budget director Scott Neufeld. And that doesn’t even include parks and library budgets.
Johnson County commissioners got a sobering look at the potential impact of the business shutdowns on sales and other taxes collected for the rest of the current budget year. Biggest losses were estimated to come from lagging sales tax, but the county could also expect to lose substantially on investment income because of cuts to interest rates by the Federal Reserve, he said.
Meanwhile, the county manager’s office furloughed 46 motor vehicle registration employees, since those offices are now closed to the public. The furloughs save about $240,000 a month.
(Read more: Prairie Village Post )
