City Council Projects Steep Revenue Loss on Pandemic Recession

Burbank City Councilmembers discuss a potential new coronavirus relief package with Congressman Adam Schiff, who briefly joined their virtual meeting Tuesday to answer questions about the $3 trillion bill.

The Burbank City Council approved a tentative budget this week that estimates a revenue loss of $15-$20 million during the next fiscal year of 2020-21 due to economic fallout from the coronavirus pandemic.
The council heard eight different budget presentations on Tuesday during a virtual meeting that lasted nearly six hours, creeping past midnight. Though city officials emphasized that the extent of the COVID-19 pandemic’s financial impact on Burbank remains uncertain, they expressed confidence that the city’s prudent fiscal policies over the past several years have put it in a good position to withstand economic challenges.
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