Alexandria City Manager Mark Jinks said Monday that the COVID-19 pandemic has created the worst financial crisis he’s ever seen, and has asked staff to make $100 million in budget cuts and prepare for a $35 million revenue shortfall in his fiscal year 2021 budget.
“We crashed, and we don’t know how long this is going to last, when we’re going to come back up,” Jinks told the City Council/School Board Subcommittee in an online meeting. “I’ve told staff we need $100 million in cuts and savings between the current fiscal year and next fiscal year, is my rough guess. That will be savings and looking at capital projects and seeing what we need to cancel or what we need to reschedule to a future year.”