Not including the accrual would have resulted in a sharp reduction in revenue sharing to municipalities, which would then have created shortfalls within their budgets and sent them scrambling to adjust vital services, Figueroa said. Because we included the accruals, State government transferred approximately $15 million to municipalities via revenue sharing based on April revenues, whereas it would have been just over $7 million had we not. Full economic impact of shuttering businesses and other activities to prevent the spread of the virus will be more pronounced in the next revenue report due in mid June, when April economic activity will be on full display, Figueroa warned..
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