With a projected shortfall of up to $10 million though the end of June and a possible $52 million net income deficit for fiscal year 2020/2021, Beverly Hills is facing some tough decisions. The City must have a budget in place by July 1 to continue operations.
“[The COVID-19 pandemic] is going to have a very significant economic impact on the City,” Director of Finance Jeff Muir told the City Council at the April 21 afternoon study session.
