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City of Calgary looking at $62M shortfall in 2021 due to COVID-19

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globalnews.ca

Arts Commons transformation project signs theatre planners, project managers Mayor Naheed Nenshi said he’s “not very fussed” about the year-end financials as the city closes the books on 2020.“I’m actually quite pleased at how we’ve been able to manage the budget and cut costs in the city,” Nenshi said. “So I think we’re going to be OK for 2020, and I think we will still need a little bit of help in 2021, but I think we’ll be able to manage.”“The revenue loss on transit is enormous and that really is the biggest chunk of it.”Calgary Transit continues to be the largest net loss for the city, losing $42.1 million between March 12 and Dec.

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