Report on Winnipeg's finances shows $83 million shortfall, plus more for transit

A newly released report reveals the City of Winnipeg ended 2022 with a shortfall to the tune of tens of millions of dollars.
The figures are from the city’s unaudited financial status report, which looks at the tax-supported operating budget.
It noted the city had an $83 million budget shortfall by the end of 2022, with an added $5 million deficiency from transit alone.
Officials say the shortfall can largely be blamed on the impacts from the COVID-19 pandemic and over-expenditures in snow and ice operations, which it says cost $52 million more than was budgeted for in 2022.
This includes $8.4 million spent in December alone.
Meantime, the city budgeted $41.3 million for anticipated COVID-19 financial impacts in 2022, but pinpointed an additional $12.4 million was needed for the year.
Some good news – the transit shortfall was ‘greatly reduced’ after the province allocated $19.4 million to the city from the federal government’s fund to support municipalities facing transit shortfalls. From that pot, $9 million will be used for the 2022 fiscal year, with the remainder helping to pay for operations this year.
In a statement, finance committee chair Jeff Browaty said the rainy day fund will be used to cover the shortfall. However, he notes it will leave the city’s reserves greatly depleted.
“Winnipeg residents can look forward to learning what the City’s plan is moving forward with the release of the 2023 Budget Update this week,” he said.
Winnipeg's full financial update can be read on the city’s website.
Meantime, the city will release its 2023 budget update on Feb. 8.
CTV News Winnipeg will have full coverage.
CTVNews.ca Top Stories
Han Dong resigns from Liberal caucus amid foreign interference allegations
Han Dong has announced he will be sitting as an independent MP after being the subject of foreign interference allegations.

Budget 2023 to detail crackdown on 'junk fees' for consumers: federal source
A federal source says the coming budget will detail how the Liberals plan to go after hidden or unexpected consumer fees, following the United States announcing its own crackdown on these charges.
Parks Canada says new reservation system working well as bookings open in busy Banff
Parks Canada says its new online reservation system to book camping sites and other activities at national parks appears to have worked well during its first week of operations.
Canada broke a population growth record in 2022: StatCan
Canada's population grew by more than one million over the course of one calendar year, breaking previous records, a new Statistics Canada report says.
Launch debut of 3D-printed rocket ends in failure, no orbit
A rocket made almost entirely of 3D-printed parts made its launch debut Wednesday night, lifting off amid fanfare but failing three minutes into flight -- far short of orbit. There was nothing aboard Relativity Space's test flight except for the company's first metal 3D print made six years ago.
Police find 2 more bodies at site of Old Montreal fire; first victim identified
The death toll from last week's massive fire in Old Montreal has risen to four, Montreal police confirmed. Julien Levesque, a police spokesperson, said Wednesday evening that two more bodies were retrieved from the historic building that went up in flames last Thursday.
Former prime minister Stephen Harper says Canada needs a 'Conservative renaissance'
Canada needs a 'Conservative renaissance,' former prime minister Stephen Harper said Wednesday, but he cautioned that Pierre Poilievre should wait until an election before telling Canadians how he might run the country.
5 things to know for Thursday, March 23, 2023
Joe Biden is coming to visit Canada this week for the first time as U.S. President, Canada’s population grew by a record amount in 2022 and Ukrainians overseas have until mid-July to apply for a free temporary visa to Canada. Here's what you need to know to start your day.
Gwyneth Paltrow ski collision trial set for family testimony
Two daughters of a retired optometrist suing Gwyneth Paltrow are expected to testify on Thursday about the lasting effects of their father and Paltrow's 2016 ski collision as the trial takes on an increasingly personal note on the third day of proceedings.