DETROIT – Detroit Mayor Mike Duggan discussed budget shortfalls during a press conference Tuesday evening.
Watch it above.
Two of the city’s key revenue sources -- casino gaming and income tax -- have been impacted by the coronavirus (COVID-19) pandemic.
Duggan said he projects a $100 million shortfall for this fiscal year, with the possibility of a $200 million shortfall the following year.
He also said the city’s rainy day fund has about $100 million in it.