The New York Times reports America’s largest cities are soon to start feeling the effects of the recession brought on by coronavirus. But the economic pain will not be equally distributed.
The crisis has arrived faster than the damage from the Great Recession ever did. And it will cut deep in the fiscal year ahead, with many communities likely to lose 10 percent or more of the revenue they would have seen without the pandemic, according to a new analysis. That’s enough for residents to experience short-staffed libraries, strained parks departments and fewer road projects.