Baltimore asks to withdraw $25 million from Rainy Day Fund to balance budget after coronavirus costs

Baltimore’s spending panel is being asked to authorize the withdrawal of up to $25 million from the city’s “Rainy Day Fund,” a rare request that finance officials say is necessary to balance the budget after it was hammered by the coronavirus pandemic. It’s only the third time such an ask has come before the Board of Estimates. But over the past six months, revenues plummeted and costs soared as city officials grappled with how to limit the spread of COVID-19. (Balt Sun)

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