State, city workers could be next wave of layoffs as tax revenue dries up amid COVID-19
State and municipal employees could be among the workers who lose their jobs in the next wave of layoffs as tax revenues that pay their salaries plunge during the coronavirus pandemic.Sales and income taxes, two of the most critical revenue streams for states and some cities, are expected to plummet as shoppers are confined to their homes, tourists postpone travel, and businesses ranging from restaurants to retail shut down and cut jobs.Now, cash-strapped […]
