Winnipeg Mayor Brian Bowman says the city wants what it’s owed.

A new city report says Winnipeg is facing a shortfall of $74.4 million following proposed changes to 2018 infrastructure agreements made by the province.

"When there are tens of millions of dollars in outstanding accounts receivable that are piling up at city hall, that's a problem,” said Bowman.

According to the report, the province is shortchanging the city $40 million for roads and streets. It also says the province wants to use $34.4 million, already committed to upgrades at the North End wastewater treatment plant, and spend it instead on its share of other projects including the Waverley Underpass, leaving a gap in the water and waste utility.

Bowman says this proposal poses a risk to Winnipeg taxpayers.

"We simply want to collect the dollars so that we don't have to look at the difficult, difficult questions about what it means to homeowners," said Bowman.

Winnipeg Finance Chair Scott Gillingham is asking city officials to write a report on how the city could make up the shortfall.

"Very concerned with what this could mean for City of Winnipeg property tax payers, it leaves holes in our 2018 budget," said Gillingham.

Manitoba Municipal Relations Minister Jeff Wharton says the province is not withholding money from the city. In a statement he says a lot of the invoices submitted by city officials contain errors.

"It is unfortunate that the City of Winnipeg continues to advance inaccurate and misleading assertions in the public arena,” said Wharton.

Wharton also says the province supports the North End treatment plant project but says it suggested using the unspent money now on other projects to free up funds in the future.

“That money is sitting unused in a city bank account. The project has not materialized, there is no funding contribution agreement, and cost estimates for the project have skyrocketed to approximately $1.4 billion. A project plan is not expected from the city for at least five years,” said Wharton.

While this dispute continues, Bowman says he's not contemplating cuts, fees or tax hikes, but he did point out what a $74 million shortfall means for average homeowners.

"That would result in an approximate financial burden for the average home of approximately $230. It's significant," said Bowman.