City Day: Corona crisis causes revenue to collapse
(WorldNews Germany)

Berlin – Cities and municipalities fear high tax losses, a billion deficit threatens – the Corona crisis also hits the municipalities in Germany hard. The German Association of Cities is now calling for a “municipal rescue package”. President Burkhard Jung told the German press agency: “The corona pandemic is causing serious financial burdens in all cities: revenues are falling, expenses are increasing.” WHAT FINANCIAL IMPACT THE CRISIS HAS: The corona crisis has massive economic consequences, Germany will fall into a recession from the perspective of the federal government and leading economists. Many stores had to close to curb the spread of the...