Professor Emeritus Howard Chernick’s research predicting the average revenue shortfalls in the 2021 fiscal year for 150 cities (split by whether the senators are Republican or Democrat) has been cited in The New York Times and will be published in the National Tax Journal.
- The study predicts average revenue shortfalls in the 2021 fiscal year of about 5.5 percent in a less severe scenario or 9 percent in a more severe one.
- The hardest-hit cities like Rochester and Buffalo (both of which have two Democratic senators) could face 20 percent losses.
- Professor Chernick’s co-authors are David Copeland at Georgia State University and Andrew Reschovsky at the University of Wisconsin.
