Maine’s public university system is estimating a $20 million short-term loss — or 3.6 percent of its budget for the 2019-20 academic year — after all seven universities transitioned to remote learning and asked most students to leave campus to halt the spread of the coronavirus. The estimate offers one of the first glimpses of the financial loss a large government entity will experience as a result of the coronavirus pandemic that has forced businesses to shut down and governments to scale back services.
https://wgme.com/news/local/umaine-system-estimates-short-term-loss-from-pandemic-at-20-million
