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Baltimore’s budget plan braces for ‘historic lows’ in revenue with parking, hotels decimated by COVID

April 8, 2021

Baltimore’s finances will continue to suffer as a result of the coronavirus pandemic, city officials said Wednesday as they rolled out a preliminary budget for the fiscal year that starts July 1. The $3.6 billion spending plan accounts for “historic lows” in revenue from parking, hotel taxes and the Baltimore Convention Center, sectors that have been decimated by the pandemic. And officials expect some revenue streams, particularly parking, may never rebound if working from home remains widespread.

Article Source: Baltimore Sun

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