Our financial world is uncertain, and the 2020-21 budget picture is unclear, so Andrew Belknap, senior vice president of Management Partners, shared a four-step COVID-19 recession response plan that can form the foundation of a local government’s plan to address the crisis. ICMA has assembled these four steps into a printable infographic. Read more.
Related stories include: Homewood approves reduced budget amid shutdown, in the Homewood-Flossmoor Chronicle; Tinley Park looks to slash spending by 20% to offset expected coronavirus revenue drop, in the Tribune/Daily Southtown; Impact of the pandemic on municipal revenues on CMAP’s website; and Property tax pain looms in a pandemic-ravaged economy, in the Sun-Times.