Majority of cities felt financial wallop within weeks of COVID’s arrival

Dan McCue  |  January 26, 2022

By Dan McCue, includes “… ‘The bottom line is that the majority of cities went into the pandemic in poor fiscal health and they will most likely come out of it even worse,’ says Sheila Weinberg, founder and CEO of Truth in Accounting.  What that snapshot reveals is that despite the CARES Act and other COVID-19-related grants, total debt among the 75 largest U.S. cities amounted to $357 billion by the end of the 2020 fiscal year — some $23.5 billion worse than the previous fiscal year. …”

Read the full article on: The Well News

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