Mitigate revenue loss from current sources
As tax revenues and state transfers fall due to the economic downturn brought on by COVID-19, cities must strive to mitigate worst-case scenarios. Mitigating revenue shortfalls can take many forms. Cities can negotiate intergovernmental transfers with the state, increase fees for services, raise property taxes, and implement policies that boost the local economy.
ASSESSMENT
Some questions to guide your thinking
- What was the city’s revenue mix before the pandemic?
- What sources of revenue are especially vulnerable during the pandemic?
- What authority does the city have to reform revenue policy to mitigate losses?
- What sources of economic activity can the city support to mitigate revenue loss?
Resource
Creating temporary outdoor business operation permits
City of San Diego, CA
San Diego has created Temporary Outdoor Business Operation Permits to support the recovery of businesses devastated by the economic impact of COVID-19. The permits help dining and retail outlets with space …
Resource
Providing expert assistance to local businesses
City of Dallas, TX
In Texas, the Dallas Forward coalition created Dallas BUILD, a networking website to support small businesses find programs that lead to funding, mentorship, incubators, and more.
Reading
Supporting businesses to expand into public spaces
City of Tampa, FL 10 minutes
Tampa implemented the Lift Up Local Economic Recovery Plan which temporarily allows restaurants and retail businesses to expand their exterior business footprint. This reading covers the program requirements and guidelines.
- The plan enables businesses to continue operating safely.
- At the same time, safe reopening supports the city's sales revenue.
Resource
Creating temporary outdoor business operation permits
San Diego has created Temporary Outdoor Business Operation Permits to support the …
Resource
Providing expert assistance to local businesses
In Texas, the Dallas Forward coalition created Dallas BUILD, a networking website to…
Reading
Supporting businesses to expand into public spaces
Tampa implemented the Lift Up Local Economic Recovery Plan which temporarily allows …