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NYC lost up to $10 billion in revenue from coronavirus, mayor says

April 15, 2020


New York City may not be able to perform basic services after coronavirus caused up to $10 billion in lost revenue and other economic hits, Mayor de Blasio warned Wednesday.

“We’re talking about a revenue loss … between $5 billion and $10 billion,” de Blasio said at a briefing. “But even when we try and peg that number now, we’re going to lose much more after that.”

Calling on the federal government to step in to escape economic disaster, Hizzoner cited an infamous 1975 Daily News cover page after President Ford denied New York City help to avoid bankruptcy.

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