COVID to Cost City 25 Million in Lost Revenue

The City of Des Moines is grappling with an estimated $25 million revenue loss attributed to the COVID-19 pandemic, as announced by City Manager Scott Sanders. This significant financial impact is anticipated to persist into the following fiscal year, necessitating careful budget planning and adjustments. Sanders highlighted the city's commitment to ensuring public health while also addressing the pressing financial challenges posed by the pandemic. The Finance Department is currently revising the fiscal year 2021 budget and crafting a financial plan for fiscal year 2022. To facilitate community engagement, the city has organized a Budget Education and Engagement Workshop on December 22, where residents can voice their opinions and ask questions.

Sanders noted a hopeful projection that revenue losses may be reduced to around $12. 7 million for the upcoming fiscal year beginning in July 2021. A comprehensive report detailing the estimated revenue losses across various funds has been made available to the public. The city's proactive approach underscores its dedication to transparency and community involvement during these unprecedented times.