Like many cities across the country, COVID-19 has had a devastating effect on the City of Hazelwood’s funding. Revenue has declined an estimated 15% due to the COVID-19 economic downturn. Hazelwood has already lost $1.5 million in what was budgeted for 2020 through the end of June, 2020. We estimate an additional $4.2 million loss in FY 2021, for a total of $5.7 million.
But even before COVID, Hazelwood was facing a major economic crisis years in the making because decreasing City revenue was not keeping up with growing City expenses and payments.
Learn more about options the City is exploring to help solve the budget shortfalls and let us know what you think on our FY 2021 Fair Budget page.