What is Impact of Coronavirus on City Budget?

As this post is written, the city, county and state governments are effectively shut down except those actions that can be accomplished over the internet. Many retail businesses are shuttered, especially restaurants and bars. People are restricted from gathering in groups of 10 or more.

It is uncertain how long these restrictions will remain, but, it is clear there is a signifiant economic impact, including the city budget.

Here is the top line expected revenues for the city's FY 2020 budget.

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The city has assumed revenues of $378.44M for the fiscal year, which runs from October 1 to September 30.

Two revenue items that will be impacted are sales taxes and parks & recreation fees. They are projected to be $31,750,000 and $2,831,600 respectively.

Other areas will likely be negatively impacted as residents will have less income if they are furloughed or laid off from their jobs.

How does the city plan on coping with this reduced revenue?

Are they cutting unnecessary expenses or do they plan on using the contingency funds that are scattered throughout the budget?

Inquiring minds would like to know!