Wichita’s city leaders are bracing for massive cuts — $50 million — to make up for the revenue shortfall expected through 2022. The city’s budget is taking a hit because of layoffs at some of Wichita’s largest companies and other economic fallout of the COVID-19 global recession. The airlines industry, which is closely tied to Wichita’s aviation-dependent economy, has taken one of the biggest hits. Wichita’s aviation companies and largest employers, Spirit AeroSystems and Textron Aviation, have announced mass furloughs and layoffs. With widespread layoffs, canceled events and lost wages, the city is bracing to miss out on sales taxes, user fees, interest earnings and other revenues until at least 2022.
(Read more: Local News | Wichita Eagle)
