Cities facing the biggest revenue losses due to COVID-19

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January 27, 2021
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Cities facing the biggest revenue losses due to COVID-19

COVID-19 took the world by storm in 2020, and the virus brought with it financial hardships and an economic recession all over the United States. Cities across the country banded together to mandate stay-at-home orders and required the use of masks in an effort to flatten the curve and prevent the further spread of the virus. As a result, many small businesses took some of the biggest hits financially and were forced to close either temporarily or permanently. In addition, the country has seen an inconsistent wave of regulations that differ from city to city. The United States currently has a total of 6.2 million reported cases of the coronavirus so far, and over 185,000 have died from the virus.

Just over one year into the pandemic, the American Rescue Plan was signed into law, paving the way for funding for small businesses and anti-poverty programs for families and individuals, and allocating $130 billion to local governments to fill the gap between pandemic-related costs and lower revenues. Another $10 billion is available to resolve inequities in broadband access—illuminated when work and school moved to homes—by providing funds for infrastructure.

Economic researchers Howard Chernick, David Copeland, and Andrew Reschovsky estimated the financial toll that COVID-19 will take on cities across America in their paper titled "The Fiscal Effects of the COVID-19 Pandemic on Cities: An Initial Assessment" and published in the September 2020 issue of the National Tax Journal. The researchers evaluated 150 fiscally standardized cities based on how much tax revenue they may lose in Fiscal Year 2021. Their results are reflected in two estimates of tax revenue loss, covering areas such as sales tax, personal income tax, and property tax: one estimate uses a less severe scenario (less revenue loss) while the other uses a more severe scenario (more revenue loss). In this story, Stacker ranked the top 100 cities with the highest revenue loss under the less severe scenario; ties are broken by revenue loss under the more severe scenario.

Of the 100 cities on this list, 11 are in California, eight are in Florida, six are in Ohio, and five are in New York. Cities in New York state make up four of the top five cities with the largest projected revenue losses. Read on to find out COVID-19’s revenue impact in your city.

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#100. Baltimore

- Projected FY 2021 revenue loss under less severe scenario: 4.6% (#97 highest of 150 cities examined)
- Projected FY 2021 revenue loss under more severe scenario: 7.3% (#115 highest)

Baltimore saw a spike in COVID-19 cases in April 2021 that rivaled numbers from the winter, and production of the J&J vaccine at a Baltimore plant was temporarily suspended. City officials accounted for historic lows in funding in a preliminary budget.

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#99. Santa Ana, California

- Projected FY 2021 revenue loss under less severe scenario: 4.6% (#97 highest of 150 cities examined)
- Projected FY 2021 revenue loss under more severe scenario: 8.1% (#95 highest)

Voice of Orange County suggested that federal funding could help remedy systemic issues by providing access to broadband and health services, creating more open spaces, and helping small businesses by giving debit cards to residents. "Right now we have this really incredible opportunity to do things that are completely unprecedented," notes Santa Ana Maylor Vicente Sarmiento.

The city lost millions and local neighborhoods represented some of the highest case counts of COVID-19 in Orange County in August 2020.

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#97. San Diego (tie)

- Projected FY 2021 revenue loss under less severe scenario: 4.6% (#97 highest of 150 cities examined)
- Projected FY 2021 revenue loss under more severe scenario: 8.2% (#91 highest)

COVID-19 just amplified systematic failures that impact the Latinx community, according to San Diego community leaders. Mayor Todd Gloria proposed a $4.6 billion "Back to Work SD" budget that "prioritizes an equitable recovery from the impacts of the pandemic." Within the budget, funds are allocated for library services and street improvements in communities of concern, as well as small businesses and nonprofits in "hard-hit industries." The city avoided significant spending cuts due to $300 million in federal funding from President Joe Biden's American Rescue Plan.

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#97. Fremont, California (tie)

- Projected FY 2021 revenue loss under less severe scenario: 4.6% (#97 highest of 150 cities examined)
- Projected FY 2021 revenue loss under more severe scenario: 8.2% (#91 highest)

Vaccine company Resilience plans to build facilities in Fremont after securing $800 million in VC funding in November. The company plans to be operational in the new space in 2022.

Facebook offices in the Bay Area suburb have been closed during the pandemic, but there are plans to gradually reopen.

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#96. Frederick, Maryland

- Projected FY 2021 revenue loss under less severe scenario: 4.7% (#94 highest of 150 cities examined)
- Projected FY 2021 revenue loss under more severe scenario: 7.4% (#114 highest)

Frederick is home to a number of life science companies, where hiring actually boomed during the pandemic. Some, including Astrazeneca, are creating COVID-19-related tests, materials, therapeutics, and vaccines.

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#95. Omaha, Nebraska

- Projected FY 2021 revenue loss under less severe scenario: 4.7% (#94 highest of 150 cities examined)
- Projected FY 2021 revenue loss under more severe scenario: 7.8% (#106 highest)

Even with the Rescue America Act in place, one CEO in Omaha, Nebraska was still waiting funds from the Shuttered Venues Operators Grant that received $15 billion as part of 2020 year-end pandemic relief funding. University of Nebraska-Omaha fared a bit better: The school received $32 million that was allocated to help students and cover operational costs that didn't disappear with the advent of online classes. 

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#94. Los Angeles

- Projected FY 2021 revenue loss under less severe scenario: 4.7% (#94 highest of 150 cities examined)
- Projected FY 2021 revenue loss under more severe scenario: 8.5% (#81 highest)

Permit applications for Hollywood productions were at 60% of normal in April 2021, but that's good news compared to January 2021, when numbers were only only at 20%. The city's public transit agency, though, was forced to cut its budget by $1.2 billion due to the huge drop in ridership due to the pandemic.

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#93. Birmingham, Alabama

- Projected FY 2021 revenue loss under less severe scenario: 4.8% (#90 highest of 150 cities examined)
- Projected FY 2021 revenue loss under more severe scenario: 8.0% (#100 highest)

Funding minority-owned businesses, affordable housing and mental health care for children are among the priorities for the $148 million received by Birmingham due to the American Rescue Plan. The city experienced $63 million in losses during the pandemic.

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#92. Fresno, California

- Projected FY 2021 revenue loss under less severe scenario: 4.8% (#90 highest of 150 cities examined)
- Projected FY 2021 revenue loss under more severe scenario: 8.5% (#81 highest)

In April 2021, restaurants owned by people of color and women in Fresno became eligible for grants of up to $3,500 to cover payroll. The city was awarded $177 million in federal funds, and will finance programs including Beautify Fresno, rent and food assistance, and community safety.

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#91. Stockton, California

- Projected FY 2021 revenue loss under less severe scenario: 4.8% (#90 highest of 150 cities examined)
- Projected FY 2021 revenue loss under more severe scenario: 8.6% (#77 highest)

Stockton Economic Empowerment Demonstration (SEED) was one resource available to city residents during the pandemic downturn: The universal basic income program gave $500 each month for two years to 25 residents. Those involved in the program had reduced levels of depression and anxiety, and found full-time employment at twice the rate of those not involved in the pilot.

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#90. Montgomery, Alabama

- Projected FY 2021 revenue loss under less severe scenario: 4.8% (#90 highest of 150 cities examined)
- Projected FY 2021 revenue loss under more severe scenario: 8.8% (#71 highest)

Cities aren't required to pay back funding from the American Rescue Plan, but there are limitations on how it can be spent. Broadband, water, and sewer projects are priorities for spending the $42 million Montgomery, Alabama received from the federal government. 

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#89. Knoxville, Tennessee (tie)

- Projected FY 2021 revenue loss under less severe scenario: 4.9% (#86 highest of 150 cities examined)
- Projected FY 2021 revenue loss under more severe scenario: 8.1% (#95 highest)

Knoxville was awarded more than $43 million from the American Rescue PlanCherokee Health Systems in Knoxville was one recipient: The nonprofit received more than $13 million.

Nationally, the plan includes direct funding for health care nonprofits and providers, and health care coverage changes and expansions to offer more access to care and affordability.

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#88. Nashville, Tennessee (tie)

- Projected FY 2021 revenue loss under less severe scenario: 4.9% (#86 highest of 150 cities examined)
- Projected FY 2021 revenue loss under more severe scenario: 8.1% (#95 highest)

Under the American Rescue Plan, Nashville received $132 million. Schools are one beneficiary of the money, that can be used to fund services for special populations, educational technology, and facility improvements. Hard-hit restaurants, entertainment venues, transit and airports also received assistance in Nashville and nationally.

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#87. Chattanooga, Tennessee

- Projected FY 2021 revenue loss under less severe scenario: 4.9% (#86 highest of 150 cities examined)
- Projected FY 2021 revenue loss under more severe scenario: 8.6% (#77 highest)

Homeless assistance grants are one area where the American Rescue Plan benefited Chattanooga: The city received over $3 million. The plan also benefits businesses and workers in that city and others, with an employee retention tax credit and tax-free unemployment benefits. 

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#86. Riverside, California

- Projected FY 2021 revenue loss under less severe scenario: 4.9% (#86 highest of 150 cities examined)
- Projected FY 2021 revenue loss under more severe scenario: 8.8% (#71 highest)

Over $79 million was allocated to Riverside from the American Rescue Plan. Transit, local education and emergency rental assistance are among the areas that were funded. University of California-Riverside was awarded $81.1 million.

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#85. Greensboro, North Carolina

- Projected FY 2021 revenue loss under less severe scenario: 5.0% (#84 highest of 150 cities examined)
- Projected FY 2021 revenue loss under more severe scenario: 8.0% (#100 highest)

Food and rent subsidies and schools are among the programs benefiting from the $56 million awarded to Greensboro from the American Rescue Plan. One nonprofit director called the plan a "game-changer" in terms of addressing poverty throughout North Carolina. 

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#84. Modesto, California

- Projected FY 2021 revenue loss under less severe scenario: 5.0% (#84 highest of 150 cities examined)
- Projected FY 2021 revenue loss under more severe scenario: 8.9% (#68 highest)

Modesto is one of many cities positioned to make mission-critical changes as a result of American Rescue Plan funding. Parks and the fire department are among the areas that were underfunded prior to the plan.

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#83. Jackson, Mississippi

- Projected FY 2021 revenue loss under less severe scenario: 5.1% (#79 highest of 150 cities examined)
- Projected FY 2021 revenue loss under more severe scenario: 7.6% (#109 highest)

Jackson was awarded over $46 million as a result of the American Rescue Plan. Three million was allocated to fix water issues in the city.

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#82. Raleigh, North Carolina

- Projected FY 2021 revenue loss under less severe scenario: 5.1% (#79 highest of 150 cities examined)
- Projected FY 2021 revenue loss under more severe scenario: 8.3% (#86 highest)

Almost $95 million in federal funding was awarded to North Carolina through the American Rescue Plan. Some of those funds were used for vaccine outreach to a Raleigh neighborhood especially hard hit during the pandemic.

Earlier in 2021, Raleigh set up funding for eligible small businesses that lost at least 25% of their revenue because of COVID-19. 

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#81. Memphis, Tennessee

- Projected FY 2021 revenue loss under less severe scenario: 5.1% (#79 highest of 150 cities examined)
- Projected FY 2021 revenue loss under more severe scenario: 8.5% (#81 highest)

Local organizations in Memphis have been active in helping the community survive the pandemic. River City Capital set up $20,000 grants to help small businesses, and prioritized those owned by Black entrepreneurs and/or those situated in low and moderate income communities of color. And the Blues Foundation set up an emergency relief fund to help full-time musicians.

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#80. Sacramento, California

- Projected FY 2021 revenue loss under less severe scenario: 5.1% (#79 highest of 150 cities examined)
- Projected FY 2021 revenue loss under more severe scenario: 9.0% (#64 highest)

Assistance for businesses in lower income communities of color has been prioritized when planning spending from the $121 million awarded to the city through the American Rescue Plan. Grants, rather than forgivable loans, are one possibility.

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#79. Anaheim, California

- Projected FY 2021 revenue loss under less severe scenario: 5.1% (#79 highest of 150 cities examined)
- Projected FY 2021 revenue loss under more severe scenario: 9.1% (#62 highest)

Disneyland reopened in April 2021 ahead of schedule, after being shut down for a year. Still, analysts suggested in 2020 that the company could face up to $21 billion in lost revenue through 2022. Disneyland Resorts' outdoor strip called "Downtown Disney," an outdoor retail strip in Anaheim, has reopened with select restaurants and retail shops.

An Anaheim city official stated that the city plans to use American Rescue Plan funds to cover its budget deficit.

 

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#78. Aurora, Colorado

- Projected FY 2021 revenue loss under less severe scenario: 5.3% (#77 highest of 150 cities examined)
- Projected FY 2021 revenue loss under more severe scenario: 9.0% (#64 highest)

Aurora in April issued a hiring freeze and furloughed approximately 576 city employees. City officials projected a $20- to $25-million shortfall toward the general fund budget.

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#77. Charlotte, North Carolina

- Projected FY 2021 revenue loss under less severe scenario: 5.3% (#77 highest of 150 cities examined)
- Projected FY 2021 revenue loss under more severe scenario: 9.3% (#59 highest)

Charlotte City Council members in August approved $8 million in relief funding for hotels and restaurants hit hard by the pandemic. Assistance for these businesse will come in the form grants and marketing help with $5 million allocated for the restaurant industry and $3 million for Charlotte hotels.

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#76. Richmond, Virginia

- Projected FY 2021 revenue loss under less severe scenario: 5.4% (#75 highest of 150 cities examined)
- Projected FY 2021 revenue loss under more severe scenario: 8.3% (#86 highest)

Richmond-area clinics have moved swiftly with the third phase of clinical vaccine trials and recruiting volunteers to participate. The trials were expected to begin by Sept. 14.

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#75. Gulfport, Mississippi

- Projected FY 2021 revenue loss under less severe scenario: 5.4% (#75 highest of 150 cities examined)
- Projected FY 2021 revenue loss under more severe scenario: 9.6% (#53 highest)

With approximately 3,408 residents, the people of Gulfport, the second-largest city in Mississippi, have raised concerns with the city’s reopening plans. The state’s school year began with in-person meetings as normal, but soon after, 100 students at Gulfport High School were sent home after coming into contact with a teacher who may have contracted the virus.

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#74. Tucson, Arizona

- Projected FY 2021 revenue loss under less severe scenario: 5.5% (#72 highest of 150 cities examined)
- Projected FY 2021 revenue loss under more severe scenario: 8.4% (#85 highest)

Tucson in April braced for a deficit expected to eclipse that of 2009, according to a memorandum from City Manager Michael Ortega. The city received $95 million from the CARES Act to counteract lost revenue there due to the pandemic.

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#73. Columbia, South Carolina

- Projected FY 2021 revenue loss under less severe scenario: 5.5% (#72 highest of 150 cities examined)
- Projected FY 2021 revenue loss under more severe scenario: 9.0% (#64 highest)

In May, Columbia was projected to cost $20 million in lost revenue this year due to COVID-19. Lawmakers in the state arrived in Columbia Sept. 12 to address changes to the state budget, including $500 million earmarked for making up lost revenue amounts.

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#72. San Francisco

- Projected FY 2021 revenue loss under less severe scenario: 5.5% (#72 highest of 150 cities examined)
- Projected FY 2021 revenue loss under more severe scenario: 9.7% (#52 highest)

Bay Area Rapid Transit (BART) in September received an infusion of $1.2 billion in federal grant money to increase frequency of trains in the Transbay Tube. The BART system was hit particularly hard by the pandemic due to decreased ridership and cratered revenue.

 

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#71. Phoenix

- Projected FY 2021 revenue loss under less severe scenario: 5.6% (#67 highest of 150 cities examined)
- Projected FY 2021 revenue loss under more severe scenario: 8.6% (#77 highest)

Just after the pandemic was declared, it was reported in April that 250,000 Arizonans lost their jobs in only three weeks. Despite economic woes throughout the metropolitan area, Phoenix saw significant single-family rent growth with a 5% increase in June 2020 over the same time in 2019.

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#70. Washington D.C. (tie)

- Projected FY 2021 revenue loss under less severe scenario: 5.6% (#67 highest of 150 cities examined)
- Projected FY 2021 revenue loss under more severe scenario: 8.8% (#71 highest)

Washington D.C. met with strong criticized for its lack of testing access early on in the pandemic. Mayor Muriel Bowser on Aug. 25 issued a mandate requiring insurance companies to provide 100% financial coverage for coronavirus tests administereed to people considered high-risk. A survey conducted by the Greater Washington Partnership of 400 businesses owners in the D.C.-metro area found that most workers in the region are unlikely to return to offices before summer 2021.

 

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#69. Columbus, Ohio (tie)

- Projected FY 2021 revenue loss under less severe scenario: 5.6% (#67 highest of 150 cities examined)
- Projected FY 2021 revenue loss under more severe scenario: 8.8% (#71 highest)

As Columbus hospitals lost millions and Ohio hospitals as a whole lost billions in revenue from March through July, the total anticipated loss of revenue for Columbus this year was predicted by city officials in June to total almost $42 million. A study released in mid-August suggests tax revenue from apparel, restaurants, tourism, and vehicle sales could fall by up to 50% due to the pandemic.

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#68. Burlington, Vermont

- Projected FY 2021 revenue loss under less severe scenario: 5.6% (#67 highest of 150 cities examined)
- Projected FY 2021 revenue loss under more severe scenario: 8.9% (#68 highest)

Burlington, known for its creative arts, expects a $15 million revenue loss from the pandemic in the next two years. The city faced a significant outbreak for a short period, which caused cases to soar temporarily, but the state health department by mid-August considers the outbreak to be resolved.

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#67. Gary, Indiana

- Projected FY 2021 revenue loss under less severe scenario: 5.6% (#67 highest of 150 cities examined)
- Projected FY 2021 revenue loss under more severe scenario: 9.5% (#55 highest)

The coronavirus pandemic served to exacerbate Gary's already tenuous economy and putting pressure on the Food Bank of Northwest Indiana to ensure families could stay fed. By late April, the city represented the second-highest case count of COVID-19 in the state. Just 44% of Ohio residents in late August approved of Gov. Gary Herbert's COVID-19 response.

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#66. Milwaukee

- Projected FY 2021 revenue loss under less severe scenario: 5.7% (#63 highest of 150 cities examined)
- Projected FY 2021 revenue loss under more severe scenario: 8.8% (#71 highest)

Milwaukee made news early on in the pandemic when former city health commissioner Dr. Jeanette Kowalik warned residents about how dangerous the virus could be and brought to light the racial disparities in the city's coronavirus patients. By mid-May, Milwaukee County was bracing for a budgetary impact totaling $450 million due to Covid-19.

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#65. Boise, Idaho

- Projected FY 2021 revenue loss under less severe scenario: 5.7% (#63 highest of 150 cities examined)
- Projected FY 2021 revenue loss under more severe scenario: 8.9% (#68 highest)

COVID-19 came down especially hard on Idaho's education system, which took an almost $100 million cut in order to recoup lost revenue. Such drastic measures turned the economy around throughout the state: Idaho was on track by mid-August to see a $405 million surplus by the end of 2020.

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#64. Dover, Delaware

- Projected FY 2021 revenue loss under less severe scenario: 5.7% (#63 highest of 150 cities examined)
- Projected FY 2021 revenue loss under more severe scenario: 9.6% (#53 highest)

Dover by the end of May was down more than $5 million in utilities and services and lost over $100,000 in fees and permits related to events including the Dover NASCAR race. Kent County, Traffic data captured 1 mile south of Dover Toll Plaza on Del. 1 showed a 32% drop in traffic count between March 22 and May 27. Traffic throughout the state has rebounded but is still double digits below traffic counts from the same time in 2019.

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#63. Wilmington, Delaware

- Projected FY 2021 revenue loss under less severe scenario: 5.7% (#63 highest of 150 cities examined)
- Projected FY 2021 revenue loss under more severe scenario: 9.8% (#51 highest)

In total, Wilmington is expecting to lose more than $27 million in revenue from city fees such as property tax, licenses and permit fees, and red-light camera profits. As the city comes to terms with these losses, officials continue to plan for a slimmer budget for future fiscal years.

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#62. Rutland, Vermont

- Projected FY 2021 revenue loss under less severe scenario: 5.8% (#58 highest of 150 cities examined)
- Projected FY 2021 revenue loss under more severe scenario: 8.3% (#86 highest)

Rutland has cut down on spending due to the pandemic, but its healthcare workers seem to be the most affected, with more than a $6 million revenue loss to one of the city’s hospitals and about 150 employees furloughed. Revenue losses for the Rutland Regional Medical Center mirror those of hospitals around the country due to bans on elective surgeries.

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#61. Missoula, Montana

- Projected FY 2021 revenue loss under less severe scenario: 5.8% (#58 highest of 150 cities examined)
- Projected FY 2021 revenue loss under more severe scenario: 8.5% (#81 highest)

Montana got roughly $1.25 billion in federal funding to help recover economic losses during the pandemic. But Missoula County commissioners in July said money hadn't yet trickled down to Missoula County. Developers in late August pulled out of planned construction for a hotel and conference center at Missoula's Riverfront Triangle, citing falloffs in entertainment revenue amid the pandemic.

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#60. Chesapeake, Virginia

- Projected FY 2021 revenue loss under less severe scenario: 5.8% (#58 highest of 150 cities examined)
- Projected FY 2021 revenue loss under more severe scenario: 8.6% (#77 highest)

Chesapeake‘s spike in reported coronavirus cases hit a high in mid-summer 2020. As a result, city officials came down with an iron fist on certain emergency orders. According to city health director Dr. Nancy Welch, many people ages 20 to 49 were possibly not aware of having the virus and were also not wearing a mask, social distancing, or taking other preventative measures to keep the virus under wraps.

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#59. Virginia Beach, Virginia

- Projected FY 2021 revenue loss under less severe scenario: 5.8% (#58 highest of 150 cities examined)
- Projected FY 2021 revenue loss under more severe scenario: 8.8% (#71 highest)

Virginia Beach, known for its oceanside restaurants, anticipates a $67.3 million revenue loss due to the coronavirus. As a solution, restaurant owners encourage city council members to budget toward advertising the city and its attractions once the beach is deemed safe. Whether or not this will be implemented has yet to be determined.

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#58. Denver

- Projected FY 2021 revenue loss under less severe scenario: 5.8% (#58 highest of 150 cities examined)
- Projected FY 2021 revenue loss under more severe scenario: 10.3% (#41 highest)

As the pandemic began to garner the necessary attention, Denver Mayor Michael Hancock in mid-May announced a $226 million revenue shortfall for the city and the mandatory furlough of hundreds of employees. According to Chief Financial Officer Brendan Hanlon, Denver is currently seeing a more significant loss than in the Great Recession’s first year.

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#57. Lewiston, Maine

- Projected FY 2021 revenue loss under less severe scenario: 5.9% (#57 highest of 150 cities examined)
- Projected FY 2021 revenue loss under more severe scenario: 9.0% (#64 highest)

Lewiston officials have projected a $1.6 million revenue loss and are currently working to offset the striking numbers with its “rainy fund.” Some of these cuts include those of the public school system.

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#56. Billings, Montana

- Projected FY 2021 revenue loss under less severe scenario: 6.0% (#56 highest of 150 cities examined)
- Projected FY 2021 revenue loss under more severe scenario: 9.3% (#59 highest)

As of Aug. 4, 72% of state residents hospitalized with COVID-19 were being cared for in Billings hospitals. Several restaurants downtown closed during the pandemic, but new eateries opening suggest optimism and hope for a rebounding economy.

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#55. Providence, Rhode Island

- Projected FY 2021 revenue loss under less severe scenario: 6.1% (#52 highest of 150 cities examined)
- Projected FY 2021 revenue loss under more severe scenario: 8.1% (#95 highest)

The Providence Business Loan Fund offers an infusion of funding for eligible businesses and borrowers, while the city's Revolving Fund Commercial Corridor Micro-Business Loan provided eligible businesses with up to $5,000 for necessary renovations to reopen safely. For workers who lost their jobs, the state offers a means of holding onto health insurance through HealthSource RI.

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#54. Mesa, Arizona

- Projected FY 2021 revenue loss under less severe scenario: 6.1% (#52 highest of 150 cities examined)
- Projected FY 2021 revenue loss under more severe scenario: 9.2% (#61 highest)

Mesa in April was infused with $90 million from the Coronavirus Relief Fund. The city that same month rolled out the Mesa CARES initiative in order to find out what businesses, residents, and local non-profits needed in terms of support to weather the pandemic. The outreach intiaitive was designed to help city officials learn how to best allocate the federal funds.

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#53. Norfolk, Virginia

- Projected FY 2021 revenue loss under less severe scenario: 6.1% (#52 highest of 150 cities examined)
- Projected FY 2021 revenue loss under more severe scenario: 9.4% (#57 highest)

On July 31 amid a spike in COVID-19 cases that reached a 10.8% positivity rate, stricter rules throughout Virginia were enacted to limit indoor dining, close bars and restaurants by midnight, and establish "last call" at 10 p.m. The positivity rate dropped by early September to 6.7%, allowing regulations to loosen by Sept. 10. Norfolk business owners remarked to local news outlet WTKR that the city quickly came back alive.

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#52. Tulsa, Oklahoma

- Projected FY 2021 revenue loss under less severe scenario: 6.1% (#52 highest of 150 cities examined)
- Projected FY 2021 revenue loss under more severe scenario: 9.9% (#49 highest)

Despite increasing coronavirus cases and the budget’s financial loss, Tulsa City Council in early September approved $2 million in funds to cater to the city’s coronavirus relief. The funds focus on public health emergencies and community-driven programs. By doing this, the city hopes to help keep the economic structure as normal as possible.

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#51. Cincinnati

- Projected FY 2021 revenue loss under less severe scenario: 6.2% (#50 highest of 150 cities examined)
- Projected FY 2021 revenue loss under more severe scenario: 9.5% (#55 highest)

Amid extensive business closures during the pandemic, some Cincinnati residents have expressed worry about permanent changes to the neighborhoods. Throughout the state, about 800 restaurants have closed permanently.

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#50. Colorado Springs, Colorado

- Projected FY 2021 revenue loss under less severe scenario: 6.2% (#50 highest of 150 cities examined)
- Projected FY 2021 revenue loss under more severe scenario: 10.4% (#37 highest)

Colorado Springs has seen some positive signs for its economy, with sales tax revenue increasing month-over-month. A big driver of the increase came from auto sale taxes, which had stagnated in the spring.

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#48. St. Louis, Missouri (tie)

- Projected FY 2021 revenue loss under less severe scenario: 6.3% (#46 highest of 150 cities examined)
- Projected FY 2021 revenue loss under more severe scenario: 10.0% (#45 highest)

As schools across the nation scramble to find solutions to keep their students on track, St. Louis is one city that has tested the innovative idea of outside schooling. Though it's not as surefire a way to prevent the virus from spreading as staying home, it allows students to socially distance more than if they were inside a school building.

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#48. Dayton, Ohio (tie)

- Projected FY 2021 revenue loss under less severe scenario: 6.3% (#46 highest of 150 cities examined)
- Projected FY 2021 revenue loss under more severe scenario: 10.0% (#45 highest)

Dayton International Airport in early September was awarded $586,000 of $2.7 million in federal relief grants granted to Ohio airports. The aviation industry as a whole suffered some of the largest industry-wide revenue losses as travel came to a screeching halt during shutdowns and continued concerns over the transmission of COVID-19.

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#47. Spokane, Washington

- Projected FY 2021 revenue loss under less severe scenario: 6.3% (#46 highest of 150 cities examined)
- Projected FY 2021 revenue loss under more severe scenario: 10.3% (#41 highest)

Spokane lost $125 million in revenue on some of the city’s most popular events alone. City officials predict such events will not resume until September 2021.

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#46. Tacoma, Washington

- Projected FY 2021 revenue loss under less severe scenario: 6.3% (#46 highest of 150 cities examined)
- Projected FY 2021 revenue loss under more severe scenario: 10.6% (#32 highest)

Hundreds of Tacoma employees were laid off during the pandemic due to the Metro Parks’ shutdown in the spring, from which the city lost about $13 million in revenue. The parks' most revenue-dependent businesses reopened with revised safety guidelines over the summer.

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#45. Little Rock, Arkansas

- Projected FY 2021 revenue loss under less severe scenario: 6.4% (#42 highest of 150 cities examined)
- Projected FY 2021 revenue loss under more severe scenario: 9.1% (#62 highest)

Little Rock’s revenue loss was partly due to the city’s shutdown, which canceled hundreds of conventions and meetings. Tourism is one of the city’s most profitable income sources, and with tourism on hold for the country as a whole, Little Rock saw a significant decrease in profits.

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#44. Akron, Ohio

- Projected FY 2021 revenue loss under less severe scenario: 6.4% (#42 highest of 150 cities examined)
- Projected FY 2021 revenue loss under more severe scenario: 10.0% (#45 highest)

Akron officials warned residents of steep revenue declines and lack of aid in April, when more than 130 workers returned from their furloughed positions. Akron Children’s Hospital lost $91 million in revenue through June because of the pandemic.

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#43. Cleveland

- Projected FY 2021 revenue loss under less severe scenario: 6.4% (#42 highest of 150 cities examined)
- Projected FY 2021 revenue loss under more severe scenario: 10.4% (#37 highest)

Cleveland has faced about $40 million in revenue loss due to the pandemic. In July, the city spent $13 million more than it earned in revenues.

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#42. Huntington, West Virginia

- Projected FY 2021 revenue loss under less severe scenario: 6.4% (#42 highest of 150 cities examined)
- Projected FY 2021 revenue loss under more severe scenario: 11.1% (#27 highest)

Huntington Convention and Visitors Bureau President Tyson Compton told local news outlet WOWK that revenue loss for the city poses a “serious issue.” West Virginia is projected to lose $223 million, and officials have found that each funding area is necessary for the city to function properly.

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#41. Toledo, Ohio

- Projected FY 2021 revenue loss under less severe scenario: 6.5% (#40 highest of 150 cities examined)
- Projected FY 2021 revenue loss under more severe scenario: 10.3% (#41 highest)

The Ohio Senate voted in early September to distribute federal aid funds to cities in the state that need the assistance, including Toledo, which will receive more than $9 million. This has been said to help offset some of the city’s total revenue loss, which is in the millions.

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#40. Reno, Nevada

- Projected FY 2021 revenue loss under less severe scenario: 6.5% (#40 highest of 150 cities examined)
- Projected FY 2021 revenue loss under more severe scenario: 10.5% (#35 highest)

Certain information about the virus has yet to be discovered by medical workers, whether it's the possibility of a COVID-19 vaccine or other logistics, such as whether a person can grow certain antibodies after having the illness. A patient in Reno was thought likely to be the key to the latter mystery when doctors discovered a recurrence of his COVID-19 symptoms over the span of a few months.

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#39. St. Petersburg, Florida

- Projected FY 2021 revenue loss under less severe scenario: 6.6% (#37 highest of 150 cities examined)
- Projected FY 2021 revenue loss under more severe scenario: 10.4% (#37 highest)

Financial Services Firm Raymond James, one of the largest based in St. Petersburg, in mid-September laid off around 550 employees around the world. The pandemic all but negated half of the firm's record earnings in the last several years.

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#38. Miami

- Projected FY 2021 revenue loss under less severe scenario: 6.6% (#37 highest of 150 cities examined)
- Projected FY 2021 revenue loss under more severe scenario: 10.9% (#30 highest)

Miami Beach is a well-known attraction for social gatherings and beach getaways, but over the summer it became a hotspot for the coronavirus. Miami Beach alone was losing $3.6 million weekly in tourism revenue as of March.

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#37. Indianapolis

- Projected FY 2021 revenue loss under less severe scenario: 6.6% (#37 highest of 150 cities examined)
- Projected FY 2021 revenue loss under more severe scenario: 11.3% (#25 highest)

Indiana as of Sept. 16 still had $1.3 billion in coronavirus relief funds to allocate throughout the state. Funds may not be used for direct revenue replacement or for expenses outlined already in Indiana's budget. Officials in mid-September expressed hope for a deadline extension by which to spend the funds.

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#36. Nampa, Idaho

- Projected FY 2021 revenue loss under less severe scenario: 6.7% (#34 highest of 150 cities examined)
- Projected FY 2021 revenue loss under more severe scenario: 9.9% (#49 highest)

After health officials in late June saw “daily significant increases”' in the total number of cases in nearby Ada County, Nampa moved back into Stage 3 of the reopening plan, by which the city ordered all bars to close after the spike. The new directive came after Nampa had been approved to move to Stage 4, at which point businesses and venues reopened with certain social distancing restrictions.

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#35. Ft. Wayne, Indiana

- Projected FY 2021 revenue loss under less severe scenario: 6.7% (#34 highest of 150 cities examined)
- Projected FY 2021 revenue loss under more severe scenario: 10.6% (#32 highest)

Fort Wayne has played up opportunities to enjoy the area while social distancing in an effort to attract tourists to the area and bring much-needed revenue to local businesses. Throughout the state, about $900 million of reserve funding was used to counteract revenue shortfalls amid the pandemic.

 

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#34. Seattle

- Projected FY 2021 revenue loss under less severe scenario: 6.7% (#34 highest of 150 cities examined)
- Projected FY 2021 revenue loss under more severe scenario: 11.5% (#22 highest)

Early on, city officials anticipated Seattle's revenue loss during the pandemic to total more than $100 million. By September, that estimate had risen to a $326 million budget shortfall, amplifying pressure for budget cuts in a number of city departments including the police force.

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#33. Tampa, Florida

- Projected FY 2021 revenue loss under less severe scenario: 6.8% (#31 highest of 150 cities examined)
- Projected FY 2021 revenue loss under more severe scenario: 10.3% (#41 highest)

Tourism is a major revenue driver for Tampa. Despite the pandemic, at least 75,000 people headed to Tampa Bay for Labor Day weekend. Travel officials highly encourage visitors to maintain COVID-19 safety guidelines like wearing a mask and socially distancing.

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#32. Lexington, Kentucky

- Projected FY 2021 revenue loss under less severe scenario: 6.8% (#31 highest of 150 cities examined)
- Projected FY 2021 revenue loss under more severe scenario: 10.4% (#37 highest)

Lexington officials by late April projected a decrease of almost $40 million in revenue for the fiscal year 2020-21. Officials said the impact of the revenue loss was immediate and far-reaching.

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#31. Hialeah, Florida

- Projected FY 2021 revenue loss under less severe scenario: 6.8% (#31 highest of 150 cities examined)
- Projected FY 2021 revenue loss under more severe scenario: 11.0% (#29 highest)

Closures of major retailers and hospitality chains throughout Southern Florida have been devastating—but they're leading to exciting business prospects for investors. Business lots in Hialeah have been priced at as much as 20% below market value, which could be a major boon to new businesses in the area.

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#30. Aurora, Illinois

- Projected FY 2021 revenue loss under less severe scenario: 6.9% (#29 highest of 150 cities examined)
- Projected FY 2021 revenue loss under more severe scenario: 10.0% (#45 highest)

On Sept. 2, Aurora hit its 5,000th coronavirus case. Mayor Richard Irvin has continuously pushed the city’s “Mask Up” campaign to decrease those numbers and highlight what the mayor calls the “three W’s”: washing hands and the use of sanitizer as often as possible, watching one’s distance, and wearing a mask.

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#29. Topeka, Kansas

- Projected FY 2021 revenue loss under less severe scenario: 6.9% (#29 highest of 150 cities examined)
- Projected FY 2021 revenue loss under more severe scenario: 10.5% (#35 highest)

Kansas was voted in a summer study as the second-most irresponsible state when it came to handling the pandemic due to its lack of mask requirements. Still, Topeka has taken steps to support its residents financially after being granted millions by the CARES Act.

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#28. Fort Smith, Arkansas

- Projected FY 2021 revenue loss under less severe scenario: 7.0% (#27 highest of 150 cities examined)
- Projected FY 2021 revenue loss under more severe scenario: 9.4% (#57 highest)

While revenue from sales tax in Fort Smith seemed promising at the beginning of the pandemic, officials still planned for decline in the months to follow. The projected job losses in the city were reported to be over 10% in April. Still, officials say they believe the stimulus check distributed nationwide to Americans this summer and the Payroll Protection Program helped with some of the residents’ financial woes.

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#27. Pittsburgh

- Projected FY 2021 revenue loss under less severe scenario: 7.0% (#27 highest of 150 cities examined)
- Projected FY 2021 revenue loss under more severe scenario: 10.6% (#32 highest)

Pittsburgh's revenues by mid-May had dropped 25% due to the pandemic. When reporting the percentage of unemployed residents whose jobs were affected by the virus, polls found that the city was largely disproportionate in unemployment by race and age. A June 2020 study found 19.7% of Black employees were unemployed compared to their white counterparts at 17.2%.

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#26. Oklahoma City, Oklahoma

- Projected FY 2021 revenue loss under less severe scenario: 7.1% (#23 highest of 150 cities examined)
- Projected FY 2021 revenue loss under more severe scenario: 11.1% (#27 highest)

Before September 2020, Oklahoma health specialists were not counting antigen testing, which detects antibodies in the body. As the test becomes more popular, officials have decided that counting the test would give them a better picture of the overall reported numbers. Oklahoma City surpassed 70,000 COVID-19 cases by mid-September, making it one of the country's newest hotspots for the virus.

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#25. Kansas City, Missouri

- Projected FY 2021 revenue loss under less severe scenario: 7.1% (#23 highest of 150 cities examined)
- Projected FY 2021 revenue loss under more severe scenario: 11.3% (#25 highest)

Kansas and Missouri communities have been brought to the brink by the pandemic, which officials say could lead to untenable budget cuts without federal support. Officials in Kansas City have worked to find ways of trimming expenses without relying too heavily on reserves or cutting into funding for fire, police, trash collection, or water.

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#24. Las Vegas

- Projected FY 2021 revenue loss under less severe scenario: 7.1% (#23 highest of 150 cities examined)
- Projected FY 2021 revenue loss under more severe scenario: 11.5% (#22 highest)

Known as a 24-hour city with its lavish boardwalks and bright lights, Las Vegas has seen its biggest casinos reportedly lose over $6 billion in revenue. This money is typically dependent on social gatherings with its gaming, hotels, food and drink, and other attractions.

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#23. Ft. Lauderdale, Florida

- Projected FY 2021 revenue loss under less severe scenario: 7.1% (#23 highest of 150 cities examined)
- Projected FY 2021 revenue loss under more severe scenario: 11.7% (#21 highest)

Fort Lauderdale experienced a major surge in COVID-19 cases over the summer. Exacerbating significant losses in spring, summer, and fall revenue, many people who typically head to Florida for the winter have cooled on their plans until case counts recede.

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#22. Louisville, Kentucky

- Projected FY 2021 revenue loss under less severe scenario: 7.2% (#21 highest of 150 cities examined)
- Projected FY 2021 revenue loss under more severe scenario: 10.9% (#30 highest)

Louisville Mayor Greg Fischer said in April that Louisville will see $46 million less in revenue this fiscal year and $69 million less in fiscal 2020-21. Kentucky hospitals alone anticipate a loss of $2.6 billion in revenues.

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#21. Charleston, West Virginia

- Projected FY 2021 revenue loss under less severe scenario: 7.2% (#21 highest of 150 cities examined)
- Projected FY 2021 revenue loss under more severe scenario: 12.4% (#16 highest)

West Virginia Gov. Jim Justice in early September allocated $50 million of CARES Act money for schools in order to fund cleaning supplies, PPE, and more COVID-19 testing if needed. Sept. 14 marked the single-highest day for COVID-19 patients at Charleston Area Medical Center Hospitals with 60 peole being cared for.

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#20. Chicago

- Projected FY 2021 revenue loss under less severe scenario: 7.3% (#20 highest of 150 cities examined)
- Projected FY 2021 revenue loss under more severe scenario: 11.5% (#22 highest)

Chicago Mayor Lori Lightfoot projected a budget shortfall estimated at $1.2 billion in 2021. Lightfoot, who has been strict on the city’s stay-at-home orders, says tax receipts saw a major decrease in numbers from the lack of restaurant operation, hotels, tourism, and other attractions. She also noted that the recent looting that took place earlier this summer hit many small businesses hard.

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#19. Charleston, South Carolina

- Projected FY 2021 revenue loss under less severe scenario: 7.6% (#19 highest of 150 cities examined)
- Projected FY 2021 revenue loss under more severe scenario: 12.6% (#13 highest)

Charleston reportedly let go of many employees in the pandemic’s wake as it announced a $6 million budget cut in August. As a result, the city is attempting to adjust to the new budget by cutting expenses, hence the loss of employment for residents and small businesses.

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#18. New Orleans

- Projected FY 2021 revenue loss under less severe scenario: 7.7% (#18 highest of 150 cities examined)
- Projected FY 2021 revenue loss under more severe scenario: 12.3% (#17 highest)

One of New Orleans’ main sources of revenue is tourism, which typically bring in more than $16 billion annually. Most famous is the city’s Mardi Gras celebration. According to Chief Marketing Officer of New Orleans and Company Mark Romig, “each household in Louisiana would be paying about $1,100 more in taxes” without the tourism attractions.

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#17. Philadelphia

- Projected FY 2021 revenue loss under less severe scenario: 8.0% (#17 highest of 150 cities examined)
- Projected FY 2021 revenue loss under more severe scenario: 12.0% (#19 highest)

Philadelphia was one of the first cities to be prepped by the Centers for Disease Control and Prevention to be ready for a COVID-19 vaccine by Nov. 1. The vaccine would be distributed across the urban area’s pharmacies. Philadelphia could lose more than $200 million in tax revenue from the COVID-19 crisis.

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#16. Grand Rapids, Michigan

- Projected FY 2021 revenue loss under less severe scenario: 8.2% (#16 highest of 150 cities examined)
- Projected FY 2021 revenue loss under more severe scenario: 12.0% (#19 highest)

Leaders of advocacy groups believe the pandemic’s impact has led to major mental health issues and a financial burden on Grand Rapids residents. On Sept. 4, Commissioner Joe Jones requested that some of the CARES Act funds be implemented in aiding those in need through the pandemic and offsetting the city’s revenue loss, as well as be allocated to fund anti-violence resources.

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#15. Warren, Michigan

- Projected FY 2021 revenue loss under less severe scenario: 8.3% (#12 highest of 150 cities examined)
- Projected FY 2021 revenue loss under more severe scenario: 12.3% (#17 highest)

Warren began distributing free masks to those in need Aug. 20 for as long as supplies lasted. Drive-through testing was scheduled to be made available starting Sept. 17 at Warren City Hall.

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#14. Baton Rouge, Louisiana

- Projected FY 2021 revenue loss under less severe scenario: 8.3% (#12 highest of 150 cities examined)
- Projected FY 2021 revenue loss under more severe scenario: 12.5% (#15 highest)

Baton Rouge projected in May a $23 million shortfall after the coronavirus’ impact affected much of its sales tax for the fiscal year. The city was forced to collect approximately $15 million less than what was initially anticipated during the 2020 budget preparation. Despite this financial loss, there are no signs of needing to lay off or furlough employees.

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#13. Tallahassee, Florida

- Projected FY 2021 revenue loss under less severe scenario: 8.3% (#12 highest of 150 cities examined)
- Projected FY 2021 revenue loss under more severe scenario: 13.0% (#12 highest)

Tallahassee faces more than $23 million in revenue losses. The city has set its sights on the CARES Act to balance the losses from both general and sales tax revenues.

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#12. Orlando, Florida

- Projected FY 2021 revenue loss under less severe scenario: 8.3% (#12 highest of 150 cities examined)
- Projected FY 2021 revenue loss under more severe scenario: 13.1% (#11 highest)

The Land of Disney lost some of its magic as the theme park feels the loss of its tourism revenue. The $75 billion industry has reportedly lost $612 million, or $38 million per day since the park’s closing. SeaWorld also experienced an economic downfall, losing $131 million in tourist attractions.

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#11. Jacksonville, Florida

- Projected FY 2021 revenue loss under less severe scenario: 8.4% (#11 highest of 150 cities examined)
- Projected FY 2021 revenue loss under more severe scenario: 12.6% (#13 highest)

Jacksonville has felt the heat of the recession, too, with a 12% decline in city revenue. The city said it is evaluating its budgets and is looking for an 8% decline in sales tax, specifically this year. Still, officials also add that there’s been a “strong recovery of consumer spending,” a glimmer of hope when it comes to the city’s retail economic recovery.

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#10. Flint, Michigan

- Projected FY 2021 revenue loss under less severe scenario: 8.6% (#10 highest of 150 cities examined)
- Projected FY 2021 revenue loss under more severe scenario: 13.5% (#9 highest)

Flint’s water crisis made headlines and has been the center of discussion for residents of the area for many years now. Now, residents must juggle two tragedies on their plate: the lack of clean water and a pandemic. Residing in the city with the second-highest poverty rate in America, residents are now dealing with both the pandemic and government restrictions that put many out of work.

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#9. Kansas City, Kansas

- Projected FY 2021 revenue loss under less severe scenario: 8.9% (#9 highest of 150 cities examined)
- Projected FY 2021 revenue loss under more severe scenario: 13.2% (#10 highest)

For Kansas City, Kansas, the conversation around tax relief was already a hot topic. Unfortunately, due to the pandemic, any wish to gain tax relief may be further out of reach than the city thought. Kansas has lost about 700 jobs over the last year, the sixth-worst rate of growth in America, according to federal and state figures.

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#8. Wichita, Kansas

- Projected FY 2021 revenue loss under less severe scenario: 9.3% (#8 highest of 150 cities examined)
- Projected FY 2021 revenue loss under more severe scenario: 13.9% (#7 highest)

Wichita, home of Riverfront Stadium, has faced many financial pushbacks due to the stadium’s closing after COVID-19. The restaurants and bars surrounding the stadium picked up much of the city’s sales tax revenue, and without those operations, Wichita could be in serious trouble. Officials have projected a $10 million revenue shortfall this year.

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#7. New York, New York

- Projected FY 2021 revenue loss under less severe scenario: 9.4% (#7 highest of 150 cities examined)
- Projected FY 2021 revenue loss under more severe scenario: 13.9% (#7 highest)

Not only has New York City, one of the busiest and most popular cities in America, seen a $9 billion revenue loss from lack of social gatherings, but the city has also seen a major decline in the city’s Unincorporated Business Tax after the majority of the residents migrated to remote working. The lack of subway use has also contributed significantly to the city’s losses.

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#6. Detroit

- Projected FY 2021 revenue loss under less severe scenario: 9.5% (#6 highest of 150 cities examined)
- Projected FY 2021 revenue loss under more severe scenario: 14.2% (#6 highest)

Detroit transformed a city park into a temporary memorial for the residents who died from the virus. Slowly but surely, residents are doing their part, and the city has seen the positive rate drop to 2.7%.

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#5. Yonkers, New York

- Projected FY 2021 revenue loss under less severe scenario: 10.1% (#5 highest of 150 cities examined)
- Projected FY 2021 revenue loss under more severe scenario: 15.3% (#5 highest)

According to a Westchester County data release, Yonkers in April has had the most confirmed coronavirus cases of any city Westchester, with more than 1,250. Yonkers sales tax revenue was down 30% by mid-May.

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#4. Shreveport, Louisiana

- Projected FY 2021 revenue loss under less severe scenario: 11.1% (#4 highest of 150 cities examined)
- Projected FY 2021 revenue loss under more severe scenario: 16.0% (#4 highest)

Shreveport has reportedly faced huge financial cuts due to the pandemic. So much so that Mayor Adrian Perkins announced in August that he, his senior staff, and department heads would be taking a 10% salary cut for the remaining fiscal year. Officials projected the total impact to be a $25 million revenue loss.

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#3. Syracuse, New York

- Projected FY 2021 revenue loss under less severe scenario: 13.5% (#3 highest of 150 cities examined)
- Projected FY 2021 revenue loss under more severe scenario: 19.3% (#3 highest)

Syracuse projected an estimated $30 million loss due to the virus, and Mayor Ben Walsh has let it be known that will not be the end of the cuts. The job loss is reportedly one of the worst in the entire nation during this pandemic, with the area suffering more job loss in the past year than 90% of other large American metropolitan areas.

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#2. Buffalo, New York

- Projected FY 2021 revenue loss under less severe scenario: 13.7% (#2 highest of 150 cities examined)
- Projected FY 2021 revenue loss under more severe scenario: 19.7% (#2 highest)

It’s no doubt that Buffalo has experienced major losses in revenue, being that the city’s target source comes from sales taxes, and almost every retail attraction is closed. It seems the entire county is looking to reevaluate how it will maximize the budget with $235 million cash-on-hand.

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#1. Rochester, New York

- Projected FY 2021 revenue loss under less severe scenario: 13.8% (#1 highest of 150 cities examined)
- Projected FY 2021 revenue loss under more severe scenario: 19.9% (#1 highest)

Looking good financially before the pandemic hit, Rochester is now one of the top cities in trouble revenue-wise. The county in which Rochester resides is looking at a total loss of $68-122 million in revenue. Despite using the money for hazard pay for its employees, officials say the city will need federal aid assistance.

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