Dear Friends,
KVIA is reporting that more than 28,500 El Pasoans have filed for unemployment since the beginning of March, while the lines at our local food banks get longer and longer.
I want to strongly encourage you to donate to El Pasoans Fighting Hunger, which is helping to feed thousands of El Paso families that have fallen upon hard times.
CITY PROJECTS REVENUE SHORTFALL OF ONLY $26.4M IN FY 2020
As expected, yesterday City CFO Robert Cortinas announced that FY 2020 will see a revenue shortfall of only $26.4 million whereas a surplus of $6.1 million had been expected previously. Thus, according to him the total revenue impact of this pandemic on our City in FY 2020 (ending September 1) will be only $32.5 million. That is just plain impossible, and I have no idea what the City’s motivation is in underestimating this key figure, which must be well over $50 million. We will see whether Mr. Cortinas will adjust his figures going forward.
Max