New Kent County Budget 2020 Impact of Coronavirus

April 3, 2020 (Updated: April 8) Every county, municipality, state and our federal government’s budget expectations have been completely derailed due to the sudden onset of an unexpected and unprecedented event. Government’s response demands constituent support as well as our alert attention. Consider that some analysts anticipate unemployment as high as 33% (Jeffrey Gundlach, founder of Double Line LP and former head of TCW Total Return Fund, March 30, 2020). Morgan Stanley suggests that 2nd quarter unemployment may reach 17%. These would be unprecedented levels. Continue reading →