Report: County’s current deficit from COVID-19 emergency at $45 million

0
87
RIVERSIDE (CNS) - Riverside County's current deficit from coronavirus emergency measures that impacted many sectors of the regional economy is $45 million and shortfalls are anticipated in the coming fiscal year, requiring sacrifices from all county agencies to save money, according to a report that the Board of Supervisors will review tomorrow. "Maintaining fiscal discipline is needed to preserve the county's fiscal health," county CEO George Johnson said in an introduction to the 50-page third-quarter budget report. "To align spending with the impact of the severe projected revenue shortfalls, and weather the financial uncertainty during these difficult times, very hard decisions will need to be made." According to Johnson, most of the revenue losses in the current fiscal year stem
Subscribe or log in to read the rest of this content.