Pandemic costs are ‘blowing massive holes’ in cities’ budgets

The U.S. Conference of Mayors (USCM) and the National League of Cities (NLC) conducted a survey of more than 2,400 local officials, of which 88% of respondents said they anticipate the novel coronavirus pandemic will lead to “painful reductions in revenue this year.” Of these respondents, 1,968 represent cities with populations of less than 500,000, which did not receive support from the recent Coronavirus Aid, Relief and Economic Security Act (CARES Act) stimulus package.
(Read more: Smart Cities Dive – Latest News)