The cites are in big trouble again. They want a taxpayer bailout. Does that make sense?
(From Yahoo News)
The city (Cincinnati) has already had to tiptoe back from the fiscal abyss earlier this year by temporarily laying off one-quarter of its workforce and balancing its budget with debt. Seventy percent of Cincinnati’s revenue comes from taxes on wages, and with the coronavirus continuing to spread, leaving record joblessness in its wake, Cranley said he fears permanent declines in essential services.
This article was originally posted here: https://www.ac2news.com/2020/07/the-cites-are-in-big-trouble-again-they-want-a-taxpayer-bailout-does-that-make-sense/.