Skip to content
NOWCAST WVTM 13 10p Newscast
Live Now
Advertisement

Birmingham could see $18 million revenue drop by summer

First weeks of pandemic saw mixed financial impact

Birmingham could see $18 million revenue drop by summer

First weeks of pandemic saw mixed financial impact

Video Player is loading.
Current Time 0:00
Duration 1:29
Loaded: 6.69%
Stream Type LIVE
Remaining Time 1:29
 
1x
    • Chapters
    • descriptions off, selected
    • default, selected
    PAEPCKE LIVE FROM CITY HALL WITH MORE ON THE NUMBERS. REPORTER: WHEN YOU COMPARE MARCH OF 2019 TO LAST MONTH. IT IS A MIXED BAG. USE AND OCCUPATIONAL TAX COLLECTIONS WERE DOWN MORE THAN $2 MILLION. SALES TAX WAS UP NEARLY $3 MILLION. CHIEF LESTER SMITH PREDICTED $9 MILLION REVENUE LOSS BY MID-MAY. SO LAST MONTH’S NUMBERS SOUND PROMISING. HOWEVER THE TRUE IMPACT OF THE PANDEMIC DID NOT REALLY START SETTLING IN UNTIL THE LAST TWO WEEKS OF MARCH. SO GOING FORWARD THE REVENUE DROP COULD BE MUCH MORE DRAMATIC. IN FACT, SMITH FEELS THE CITY COULD SEE A $4.6 MILLION BLOW TO MONTHLY REVENUE. >> THERE IS THE POTENTIAL THAT BASED ON THESE NUMBERS WE COULD BE LOOKING AT A LOSS OF $18 MILLION IN REVENUE BETWEEN NOW AND JUNE 30. REPORTER: AND UNFORTUNATELY IT GETS MUCH WORSE. SMITH MENTIONED IN 1917, 1918, DURING THE SPANISH FLU EPIDEMIC, THERE WERE MULTIPLE WAVES. IF THERE ARE WITH CORONAVIRUS, THERE COULD BE IN THE 2020 BUDGET IS $73 MILLION IMPACT. THE MAYOR IS PUTTING TOGETHER A MODIFIED SHELTER IN PLACE ORDER WHICH COULD INCLUDE A CURFEW FROM 10:00 P.M. TO 5:00 A.M. EVERY NIGHT. THERE WOULD BE AN EXCEPTION F FOLKS DRIVING TO AND FROM WOR
    Advertisement
    Birmingham could see $18 million revenue drop by summer

    First weeks of pandemic saw mixed financial impact

    Birmingham's Finance Chief projects the city could see a $18 million revenue drop by the end of June, due to the coronavirus quarantine.

    Birmingham's Finance Chief projects the city could see a $18 million revenue drop by the end of June, due to the coronavirus quarantine.

    Advertisement