Next COVID casualty: Cities hit hard by the pandemic face bankruptcy
- Written by Mark Davidson, Associate Professor of Urban Geography, Clark University
The pandemic's longterm effects could include city bankruptcies across the U.S.Olivier Douliery / AFP via Getty ImagesU.S. cities are fast running out of cash.
The pandemic will reduce local government revenues by an estimated US$11.6 billion in 2020. With COVID-19 requiring residents to stay home and stores to shutter, the bulk of this reduction...
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