I have been watching the third wave make its way across Europe and reading the European press to get a sense of how bad it is. And it definitely looks like another lost quarter for Europe.
Although its economy and therefore budget situation have brightened faster than expected since the worst of the Covid 19 pandemic, and the new American Rescue Act will actually wipe out most of its short-term deficit, like most American states and cities, San Francisco’s fiscal challenges are far from over.
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