New projections from the City of Milpitas found that it is likely to face a $12 to $14 million loss in revenue for the next fiscal year and $4 to $6 million dollars loss in revenue for the current fiscal year. The City’s fiscal year starts on July 1 and ends the following year on June 30.
For complete press release, please see: Press Release_Fiscal Impact Update Related to COVID-19_03262020
