Winnipeg estimates another $27M needed to deal with pandemic impacts
The COVID-19 pandemic is continuing to have an economic impact on the City of Winnipeg, with the city now saying it needs to budget about $88 million to deal with the financial effects of the pandemic.
On Monday, the city announced it is forecasting a projected deficit in the tax-supported operating budget of $12.7 million as of March 31, 2021.
The city noted that as part of its budget, it allocated $61.2 million for COVID-19-related impacts. However, as of March 31, the city estimates another $26.9 million will be needed for further pandemic-related financial impacts.
Winnipeg Transit is forecasting a $13.9 million deficit for the year, as the ridership levels for 2021 are averaging about 60 per cent below normal levels.
In a news release, Coun. Scott Gillingham, chair of the standing policy committee on finance, said the city adjusted its budget in anticipation of the challenges related to the pandemic, but the “prolonged state of COVID-19 in our community is causing even greater impacts to the budget.”
“It will be important for the City to maintain prudent fiscal management throughout 2021 as we continue to address COVID-19,” he said.
The City of Winnipeg’s first-quarter financial status and forecast report will be presented at the standing policy committee on finance’s meeting on June 11.
CTVNews.ca Top Stories
NEW Life got in the way of one woman's reunion with her father, but a DNA test gained her a family
Anne Marie Cavner was the closest she'd ever been to meeting her biological father, but then life dealt her a blow. From an unexpected loss to a host of new relationships, a DNA test changed her life, and she doesn't regret a thing.
NEW Keeping these exotic pets is 'cruel' and 'dangerous,' Canadian animal advocates say
Canadian pet owners are finding companionship beyond dogs and cats. Tigers, alligators, scorpions and tarantulas are among some of the exotic pets they are keeping in private homes, which pose risks to public safety and animal welfare, advocates say.
Diver pinned under water by an alligator figured he had choice. Lose his arm or lose his life
An alligator attacked a diver on April 15 as he surfaced from his dive, nearly out of air. His tank emptied with the gator's jaws crushing the arm he put up in defence.
How quietly promised law changes in the 2024 federal budget could impact your day-to-day life
The 2024 federal budget released last week includes numerous big spending promises that have garnered headlines. But, tucked into the 416-page document are also series of smaller items, such as promising to amend the law regarding infant formula and to force banks to label government rebates, that you may have missed.
Which foods have the most plastics? You may be surprised
'How much plastic will you have for dinner, sir? And you, ma'am?' While that may seem like a line from a satirical skit on Saturday Night Live, research is showing it's much too close to reality.
opinion I've been a criminal attorney for decades. Here's what I think about the case against Trump
Joey Jackson, a criminal defence attorney and a legal analyst for CNN, outlines what he thinks about the criminal case against Donald Trump in the 'hush money trial.'
$3.8M home in B.C.'s Okanagan has steel shell for extra wildfire protection
A home in B.C.'s Okanagan that features a weathering steel shell designed to provide some protection against wildfires has been listed for sale at $3.8 million.
Psychologist becomes first person in Peru to die by euthanasia after fighting in court for years
A Peruvian psychologist who suffered from an incurable disease that weakened her muscles and had her confined to her bed for several years, died by euthanasia, her lawyer said Monday, becoming the first person in the country to obtain the right to die with medical assistance.
Mystery surrounds giant custom Canucks jerseys worn by Lions Gate Bridge statues
The giant stone statues guarding the Lions Gate Bridge have been dressed in custom Vancouver Canucks jerseys as the NHL playoffs get underway.