Excerpt:
Christopher Summers, a public policy expert at the Maryland Public Policy Institute, says the pandemic only complicates financial matters for a city reeling from financial troubles long before the pandemic’s nearly one-year grip.
One example includes a study by the non-profit “Truth in Accounting” released in January last year. The study gave Baltimore a grade of “D,” saying the city fell $2 billion short of paying its bills.
At the time, former Mayor Jack Young called the city fiscally sound and said the study was wrong.
Author(s): Keith Daniels
Publication Date: 9 February 2021
Publication Site: Fox 5 News