Where's The Money?
- William Fulton
- Apr 19, 2020
- 8 min read
As sales and hotel bed tax revenues crater throughout California because of the COVID-19 shutdown, local governments and their planning departments are facing an almost-unprecedented budget shortfalls. Already, cities and counties throughout the state are taking an axe to their budgets – laying off hundreds of employees and in some cases taking an axe to their current (2019-2020) budgets and next year's (2020-2021) budgets as well.. And as the real estate development industry shuts down, the fees and charges on developers that keep planning departments going appear to be withering as well.
