That could drive officials to confront a $1.2 billion deficit in 2023 and a $1.three billion deficit in 2024, according to the forecast, which would definitely require vital cuts in services as well as painful tax hikes. If the city’s economic system makes a “more rapid return to pre-pandemic economic conditions” and experiences “strong revenue growth” its price range gap would total $514 million in 2023 and $391 million in 2024, according to the city’s budget forecast. In all, the pandemic cost the town $1.7 billion, complicating these efforts.

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