Pandemic could leave $210M to $300M hole in Seattle budget

SEATTLE (AP) — Seattle Mayor Jenny Durkan says new projections show the coronavirus pandemic may cause the city to collect $210 million to $300 million less than expected in tax revenue this year. The Seattle Times reports the city’s general fund, which pays for basic services such as parks and police, could be down by as much as $186 million, while other revenue sources that pay for bedrock services could fall by up to $114 million. The resulting $300 million shortfall would mean a 18% reduction in expected revenue. The city’s budget office says those projections are based on”rapid recovery” and “slow recovery” economic forecasts that indicate the Seattle area could lose 65,000 to 170,000 jobs this year.