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Madison Expects $30M Budget Shortfall, Resulting Cutbacks
Governing: The COVID-19 pandemic continues to wreak financial havoc, with Madison, Wisc., now projecting a $30 million budget shortfall for 2020.
The sobering projection is mostly driven by a sharp and unexpected decline in revenues resulting from the economic impacts of the new coronavirus crisis, Mayor Satya Rhodes-Conway told city managers Tuesday morning.
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