May 3, 2020·Ranson Financial·1 min read
Given the specifics of the current situation, the first measures taken by the city of Derby staff to address COVID-19 focused on safety and security. After addressing the immediate needs, though, attention soon turned to finances – with city staff reporting on the current budget situation to the Derby City Council at its April 28 meeting. Derby has a history of being conservative, City Manager Kathy Sexton noted, so it remains in a good financial position even as staff are projecting a $1.6 million revenue shortfall (on an annual budget typically around $40 million) due to the coronavirus.

Source: Derby News | derbyinformer.comRead the full story ↗

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