A perfect storm of rising costs and declining revenues is stressing many US city budgets – and the Trump administration isn’t likely to send much help.
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Developers have overbuilt office and commercial space in US cities for decades. Now, in the wake of pandemic shutdowns, many downtowns face hard choices about the future.
The pandemic isn’t just a health disaster. It’s a disaster for cities and states, where the money to run government that normally comes in every year has evaporated. Congress may or may not help.
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John Rennie Short is a Friend of The Conversation.Professor Emeritus of Public Policy, University of Maryland, Baltimore County