U.S. Conference of Mayors Urges Direct Relief to American Cities

The U.S. Conference of Mayors is urging Congress to provide direct relief to American cities to stem even greater job losses and major cuts to public services.

The organization held a virtual conference last week in which it released an analysis of COVID-19’s impacts on the future of cities. The study predicts major metros’ economic output will shrink by $1 trillion or $10,000 per household and that most metros will continue to see unemployment above 6-10%.

“Even if the virus is contained in the second half of the year, US metros will still experience Great Recession levels of GMP and unemployment,” the report concludes.

The Health and Economic Recovery Omnibus Emergency Solutions (HEROS) Act passed by the House contains the type of direct, flexible federal aid for cities that the U.S. Conference of Mayors would like to see. Republicans have called its provisions and $3 trillion price tag a non-starter.

Congressional leaders are engaged in negotiations over the next economic relief package now.

Read more at the Dallas Observer.


Special Reports

Tuesday, July 28, 2020 - 04:54

COVID-19 has made it difficult to estimate even the near-term revenue shortfalls for your jurisdiction, but there are opportunities to identify specific revenue streams that will help offset the de