New York Municipalities Feel Budget Crunch as Coronavirus Pandemic Squeezes Funding

  • 📰 WSJ
  • ⏱ Reading Time:
  • 11 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 63%

United States Headlines News

United States Latest News,United States Headlines

Buffalo already faced a cash crunch from falling revenue, and now New York is withholding 20% of a grant, deepening its second-largest city’s woes

Officials in Buffalo, the second-largest city in New York, were already preparing to borrow $18 million to keep them in the black after the novel coronavirus caused municipal revenues—from parking meters to sales tax—to shrivel.

But when word came from Democratic Gov. Andrew Cuomo’s administration that a $98.4 million state grant due on June 25 would be about $20 million short, the city raised its borrowing plans by 50%.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Good, Don't forget to vote Democrat this NOVEMBER and you can have more, much more of the same

buffalo needs to shrink just like Detroit

Cuomo couldn’t even manage the state in good economic times. I would have more respect if Cuomo actively campaigned against DeBlasio’s second term since it is well known DeBlasio is a failed pandering mayor. Instead, it’s all talk from Cuomo.

It's only going to get worse - wealthy people & companies will leave NYC, along with a good chunk of it's tax base due to rising crime, so there will be cuts upstate!

Cuomo is a disaster.

Dem dump

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 98. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

New York Election Officials Wade Through Absentee BallotsTwo weeks after the polls closed for New York’s primary elections, officials will open an unprecedented number of absentee ballots in New York City as a result of the coronavirus pandemic. Many races are close. They'll be doing this for months after the upcoming presidential election. İt goes all around for nonethless (covid or unemploymet) both r the same guess what 'WHO takes advantage'
Source: WSJ - 🏆 98. / 63 Read more »

Federal Prosecutors Discussed 'Burying' Evidence In Troubled New York CaseFederal prosecutors, under scrutiny for failing to turn over favorable evidence to a defendant, told a judge they didn't act in bad faith — even as emails showed them discussing whether they might try to 'bury' a document they were giving to the defense. WOW End taxpayer funding for NPR I am so glad NPR is interested in justice....now do the DOJ and FBI under Obama....
Source: NPR - 🏆 96. / 63 Read more »

Remembering New York Hospital Worker Gianmarco BertolottiGianmarco Bertolotti was a hospital mason in New York City who died in April after contracting coronavirus while continuing to work. His sister reflects on how his energy made every room brighter.
Source: NPRHealth - 🏆 144. / 63 Read more »

Frederick Douglass statue vandalized in upstate New York parkPolice said the statue of Douglass was taken from Maplewood Park, a site along the Underground Railroad where Douglass and Harriet Tubman helped shuttle slaves to freedom. Earlier in the day some racist Karen painted over a black lives matter mural in California. The Maga militants The protesters have filmed themselves tearing down every other statue yet curiously there's no video of this one That'll show America how we fight for black lives!
Source: NBCNews - 🏆 10. / 86 Read more »

New York Yankees pitcher Masahiro Tanaka hit by liner in simulated gameMasahiro Tanaka was drilled by a line drive to the head, off the bat of Giancarlo Stanton, during a simulated game Saturday at Yankee Stadium. Witchcraft in Tennessee, in year 2020? What else could it be in Tennessee (besides illegal greed, lust, and explained murders) that delete a popular candidates name from the ballot while citing a law referred to in cases where incumbents died in office? Who is causing this? 'alert, responsive and walking under his own power'' in other words he is doing better than the presdient of the United States
Source: USATODAY - 🏆 100. / 63 Read more »