Next COVID casualty: Cities hit hard by the pandemic face bankruptcy

U.S. cities are fast running out of cash. The pandemic will reduce local government revenues by an estimated US$11.6 billion in 2020. With COVID-19 requiring residents to stay home and stores to shutter, the bulk of this reduction comes from a slump in local sales taxes. Declines will continue into 2021.
https://theconversation.com/next-covid-casualty-cities-hit-hard-by-the-pandemic-face-bankruptcy-142539