03
August
2020
|
09:55
Europe/London
MUI Director publishes new COVID-19 piece in The Conversation
The article is titled ‘Next COVID casualty: Cities hit hard by the pandemic face bankruptcy’
The piece was co-authored by Kevin Ward, MUI Director, and Mark Davidson, Associate Professor of Urban Geography, Clark University.
The article highlights the issues faced by local governments as US cities are fast running out of cash. Likewise, state revenues are also declining meaning many will need help from the federal government. This comes as a result of less sales tax revenue due to lower spending during the pandemic.
For poorer cities, the pandemic could mean bankruptcy. Historically, city bankruptcy has not been uniform with bigger cities facing a more complicated and expensive process.