DES MOINES, Iowa -- The COVID-19 pandemic is costing the city of Des Moines $25 million.
"Back in February and March we actually started taking some precautionary measures, including conservatively estimating that there would be impacts on about 10 different revenue sources in the City of Des Moines" says City Manager Scott Sanders.
He says the biggest hit is the loss of local option sales tax revenue as businesses closed and people stopped shopping.
"A $10 million loss to sales tax will have an impact on our Capital Improvements Plan" Sanders says.
He says the city will also lose more than $7 million from it's General Fund, and $3 million in parking revenue.
Sanders says the city is now working on the amended budget for the current fiscal year and recommendations for the next fiscal year.
"The typical resident isn't going to see a difference in the operational service the city provides. But, there was a desire to do more from a city government perspective that will have to wait" he says.
Sanders says now that they've determined the extent of the affect into mid-2022, they city's next step is to develop a plan that best serves Des Moines residents.