The merciless carnage ravaged on the economy by the efforts to stymie the spread of the new coronavirus and a parallel crash in oil prices promise to choke revenue streams for Texas cities and the state government.

As oil prices slump amid the coronavirus pandemic, industry advocates are seeking to assure the public that production in Texas should continue without disruption.

When Major League Baseball postponed the opening of its season, teams also closed their spring training camps. That’s a $25 million hit to the Arizona economy, where many clubs train, local experts say. Meantime, every NBA game that the Chicago Bulls don’t play because the league has suspended its season will cost the Windy City…

“Behind all this is the economic impact of the CoronaVirus, which is still uncertain. We can’t look at the impact of a drop in oil and gas prices on Texas in a vacuum, but the consequences for Texas of the drop in prices will depend on two questions: 1.) How low, and 2.) How long,” says the Texas Taxpayers…

Coronavirus hit the global markets this week, sending stocks reeling and pushing economies toward possible recession. In Texas, the view could be even bleaker thanks to plummeting oil prices. Analysts say the state can expect layoffs, bankruptcies and state revenue shortfalls in the months ahead if prices remain low.