New Boston budget includes $65M in revenue loss

The city of Boston is predicting to suffer a $65 million loss in revenue due to the pandemic.

HALL WITH THE NEW DETAILSOVERNIGHT.SERA: WE KNEW THE BUSINESSCLOSURES WAS HAVING AN IMPACT ONTHE BOTTOM LINE.THE BUDGET PROPOSAL SHOWS USJUST HOW MUCH AND WHERE THEPROBLEM AREAS ARE.TAKE A LOOK AT SOME OF THEDETAILS.THE CITY IS PROJECTING TO SUFFERA $65 MILLION REVENUE LOSSASSOCIATED WITH THE PANDEMICTHAT’S MORE THAN TWICE THEESTIMATE GIVEN IN APRIL.THE NEW $3.6 BILLION PLANINCLUDES CUTS TO SEVERALDEPARTMENTS.SPENDING IS GETTING A BOOST OF$80 MILLION.THE BUDGET CALLS FOR $18 MILLIONIN NEW HOUSING INITIATIVES.THE PLAN INCLUDES A REALLOCATIONOF $12 MILLION ON THE POLICEBUDGET TO GO TO SOCIAL PROGRAM