In response to the Covid-19 crisis, Baltimore will take several financial steps to close last year’s deficit and prepare for revenue shortfalls in the current budget.

The Board of Estimates is set to allot up to $25 million from the city’s Budget Stabilization Reserve, better known as the Rainy Day Fund, to plug revenue losses from the shutdown of much of the local economy to slow the spread of the coronavirus.

The withdrawal will cover revenue losses in fiscal 2020, which ended June 30.

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