The City of Montreal says it is financially prepared to face the potential impact the novel coronavirus crisis will have on its economy.
The city made the comments as it released its annual financial report, posting a surplus of $250.9 million, the highest in the past 11 years, officials said. “Thanks to a healthy management of our public finances these past few years and to this day, we are able to act promptly to minimize the impact of an unforeseen pause and have the fundamentals in place to perform a fast relaunch,” said Benoit Dorais, the city’s executive committee president.
However optimistic the tone was, Dorais admitted it wasn’t possible to measure the exact impact the coronavirus crisis will have on the city’s finances. [ Sign up