Pandemic on track to crush NYC economy, says influential business group

Another one bites the dust!

City of Airway Heights considers declaring financial emergency in wake of COVID-19 pandemic
[link to www.khq.com (secure)]
QUOTE:"AIRWAY HEIGHTS, Wash. - The city of Airway Heights is considering declaring a financial emergency following a sharp decline in government revenues collected by the city. "



How about in your area, are you seeing similar stories?

Hoax -19

Scamdemic to destroy the economy

Similar group in Baltimore announced the same last month in report.

The ability to sustain even basic government functions is wiped away. Coupled with the loss of China controlled supply chains and manufacturing, the entire US system is gone.

Biden, nor anyone else will not have the wherewithal to do anything except pump more money onto the bonfires of American banality.

Pelosi won't even find gourmet ice cream to devour at Falconcrest. No more choco-truffle flavor poops from her.

New York and Congress are run by people who eat each other's asses, pee on each other and tell Americans to wear masks and stand 6ft. apart.

They have access to TV broadcasts and superficial control over a rapidly collapsing force sturcture.

If you've got a link, I'd appreciate it. I don't think many folks can forward think 'the cure' repercussions. A consolidated list would help perhsps wake them up.

Found one:


[link to www.baltimoresun.com (secure)]
QUOTE:"Facing $550 million in lost revenue attributed to the coronavirus in the fiscal year that ended last month, and a shortfall just as large looming for the year ahead, the MTA received about $392 million in funding from the federal CARES Act, according to the agency. It’s enough to last the agency about six months, according to an analysis by TransitCenter, a national transit research foundation."

I have no doubt that the Democrats are cheering because it is their malicious response to covid-19 that crushed NYC economy and that's exactly what they wanted when they shoved asymptomatic people into nursing homes to kill the elderly.

But hey go to the Chinese New Year's festival and hug an infected Chinese person you racist, screamed NYC leadership!

This is the report about the Baltimore Downtown Partnership report...

[link to foxbaltimore.com (secure)]

Here's link to report pdf

[link to www.docdroid.net (secure)]

The Baltimore report projects 6 months out to total destitution. Slated to happen BEFORE January.

Agreed, and so many of our cities are failing now. We have a condition in this country where the 'have nots', don't even have any real skills to earn money with, and are being goaded into trying to ruin life for those who work; all because some marxist told them they can have everything for free. GGRRRR.

snip

"The Baltimore hotel industry could lose up to $940 billion in total output. The food industry altogether have a combined $2.1 trillion in output at risk.
-Because of COVID’s impact on Baltimore industries, there is a projected $350 million shortfall in state and local taxes. About $120.5 million of the local tax shortfall would come from lost sales tax.
-94% of surveyed Baltimore business say they’ve been impacted by COVID-19.
- 80% of respondent businesses say they are greatly concerned about “potential for significant impact to our business operations.”
-47% of respondent businesses believe they could only remain operational for 6 months or less if economic conditions persist.
-Only 14% of customers surveyed feel safe using public transportation. Only 19% are likely to dine onsite at restaurants when restaurants reopen.
-The Baltimore restaurant industry (including all food and drinking places) currently has 26,316 unemployed staff. Hotels have 5,754 unemployed staff. Over 46,000 jobs in Baltimore City have been directly and indirectly impacted by COVID-19.
-If the pandemic were to last an entire year, restaurant workers are projected to lose up to $57 million in labor income. That number is $44.7 million for hotel and hospitality workers.
-The Baltimore real estate sector is projected to lose $197.4 in indirect output. $158.3 million would be lost in property taxes because of decreases in property values due to the impact of Baltimore’s various industries."

Texas sees sharp decline in tax revenue as coronavirus surge unleashes more budget uncertainty
[link to www.washingtonpost.com (secure)]
"The stakes have been on display in Texas, which witnessed a $650 million drop in tax revenue collected in June, according to data released Wednesday by state budget officials, which includes sales mostly made in May."





The little spineless bastard in the article below states all is fine, and no budget cuts, but taxes are going up.. Property tax alone will go up 3.5%

City manager talks budget, COVID-19, and policing with Austin Chamber
[link to www.kxan.com (secure)]
"Across all city funds, he said, the city anticipates ending the current fiscal year more than $200 million — or nearly 5% — below budgeted projections."

It's already crushed -Most rich 'movers and shakers' have already abandoned the City and don't plan on returning


I live in a ritzy part of NJ andd they are all here riding their fancy bicycles, driving lamborghinis, martins,and maseratis, etc


No one seems concerned either - that worries me the most

what do they have stacks of currency in their basements?

None of these people are producers - where do they think they will get food when the system breaks down - you can't eat cash

The Big Apple CRUMBLES: New York retailers say the 'dead' city is now the WORST place to do business because there are no tourists or commuters in Manhattan
[link to www.dailymail.co.uk (secure)]
"'Foot traffic is down 80 to 90 per cent in New York City,' Lawrence Berger, chairman of sports merchandise retailer Lids, told MailOnline. 'It is not a minor outlier it’s like nothing we’ve never seen before. It is just absolutely dead.'"

Pandemic = Democrats

Lock him up

Have no fear New York. Your mayor Bill DeBoso’s tourism campaign including painting a giant Black Lies Matter mural on 5th Ave (that the City has to pay cops to guard around the clock) will help boost business.