Baltimore Budget Director describes city’s financial outlook amid pandemic as “ugly”

Link: https://foxbaltimore.com/news/local/baltimores-budget-director-ugly-describes-citys-financial-outlook-amid-pandemic

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