City Of Dubuque Taking Big Financial Hit Because of COVID-19

The City of Dubuque is bracing for a large financial loss as a result of the COVID-19 pandemic. Officials predict the city could lose an estimated $16 million in revenue combined this fiscal year and next. That’s a dramatic increase from a month ago, when officials were predicting a $2.5 million decrease in revenue this fiscal year as a result of the pandemic. That figure has almost doubled, with officials projecting a $4.4 million loss for the fiscal year ending June 30 and nearly $12 million in losses the following year. City leaders have frozen hiring for 30 vacant city positions, including police, fire and public works personnel. Additionally, city leaders recommend a hiring freeze on most new positions recommended in the fiscal year budget that begins July 1st.