WVN #755 BUDGET IMPACT ASSESSMENT / REVENUE SHORTFALL PROJECTED
Budget & Finance
2020
By HealthFirstMay 15, 2020
The Finance Committee warns of significant budget impacts from COVID-19. Local receipts are down 40% with business closures. The FY21 budget may require substantial revisions. Non-essential spending has been frozen pending revenue assessment. State aid reductions are expected.

Historical Context: 2020

COVID-19 pandemic response year. Emergency measures, remote learning implementation, business support programs, and significant operational changes to maintain essential services during lockdowns.

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