City facing projected losses of up to $3 million from COVID-19
'We're looking at a situation tonight that may pale in comparison to the next few months'
Last updated 5/26/2020 at 10pm
The City's finance director, Jeff Balentine, warned City Council members of multimillion-dollar losses at their meeting on May 12, although he and the city manager warned the projections were already optimistic.
"(The projections) feel, to us, intuitively, to be too optimistic. However, we're basing it on the current information and data that we have available," City Manager Michael Ciaravino said. "We're looking at a situation tonight that may pale in comparison to the next few months."
However, in an effort to stave off panic, Balentine told the councilmembers he would prepare multiple...