Coronavirus may cost Moreno Valley $20 million over two years in expenses and lost revenue

The best case scenario for Moreno Valley, city officials say, is the loss of more than $9 million this fiscal year due to the coronavirus pandemic — and almost $10 million next year.
The city’s third quarter financial summary, included in agenda materials for the Tuesday, June 2, Moreno Valley City Council meeting, shows that officials expect to lose about $9.3 million due to increased expenses and lost revenue this fiscal year, which ends June 30. And for next fiscal year, whic