Springfield revenue shortfall estimated between $10.3 million, $16.4 million

The city of Springfield is facing a revenue shortfall between $10.3 million and $16.4 million this fiscal year due to the COVID-19 pandemic, city budget director Bill McCarty told city council members Tuesday.The sobering projection comes about a week after the city received March and April sales tax receipts, which revealed about a $2 million dip versus what was initially budgeted.The decline was hardly a surprise given the mandatory statewide shutdown of non-essential […]