File photo
File photo
The COVID-19 crisis is being cited as the City of St. Charles discusses cutting over $2 million from its planned spending.
The Patch reports the St. Charles City Council is projecting a cut to the city's budget of approximately 5% in response to decreased revenue caused by the coronavirus-related economic. Some of the cuts could actually hit the economy even harder, as grants that benefit small businesses are on the table for being cut.
Other areas the money could come from include postponing city construction and maintenance, avoiding new vehicle purchases, and filling vacant positions.
Despite the apparently high price tag of the crisis presented by the budget cuts, that actual revenue losses being projected are even higher. The city has said they expect revenue could drop by as much as $9.5 million due to the economic crisis.
That is in addition to the lost revenue to capital improvement, with the losses seen in video gaming revenue.
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