COVID-19 pandemic.In a release on Wednesday, the city says Moody’s pointed to the city’s multi-year budget process, which allows for flexibility to mitigate against revenue losses and adjust spending when facing unprecedented disruptions like the pandemic.
Ontario unlikely to balance budget by 2030 despite post-COVID pandemic growth, report says “I was very pleased to receive this news, especially given the multitude of financial challenges municipalities faced as a result of COVID-19,” said Mayor Ed Holder.“The City of London has a long, proud history of financial stability and prudent fiscal management, and we’re committed to continuing that tradition – even under exceptionally difficult circumstances.”Holder added that the rating.