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
RCMP uncovers alleged plot by 2 Montreal men to illegally sell drones, equipment to Libya
The RCMP says it has uncovered a plot by two men in Montreal to sell Chinese drones and military equipment to Libya illegally.
Demonstrators kicked out of Ontario legislature for disruption after failed keffiyeh vote
A group of demonstrators were kicked out of the legislature after a second NDP motion calling for unanimous consent to reverse a ban on the keffiyeh failed to pass.
Tom Mulcair: Park littered with trash after 'pilot project' is perfect symbol of Trudeau governance
Former NDP leader Tom Mulcair says that what's happening now in a trash-littered federal park in Quebec is a perfect metaphor for how the Trudeau government runs things.
Government agrees to US$138.7M settlement over FBI's botching of Larry Nassar assault allegations
The U.S. Justice Department announced a US$138.7 million settlement Tuesday with more than 100 people who accused the FBI of grossly mishandling allegations of sexual assault against Larry Nassar in 2015 and 2016, a critical time gap that allowed the sports doctor to continue to prey on victims before his arrest.
Man wanted in connection with deadly shooting in Toronto tops list of most wanted fugitives in Canada
A 35-year-old man wanted in connection with the murder of Toronto resident 29-year-old Sharmar Powell-Flowers nine months ago has topped the list of the BOLO program’s 25 most wanted fugitives across Canada, police announced Tuesday.
Doctors ask Liberal government to reconsider capital gains tax change
The Canadian Medical Association is asking the federal government to reconsider its proposed changes to capital gains taxation, arguing it will affect doctors' retirement savings.
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.
Thieves use stolen forklift to rip cash machine out of U.K. bank
Police in the U.K. are searching for a group of suspects seen on video using a forklift to steal a cash machine from a bank.
'There was a lot of black smoke': Crane operator sounds alarm while trapped during highrise fire in Halifax
A tower crane operator alerted emergency crews after noticing a fire on a construction site in Halifax Tuesday morning.