The City of Surrey says it is losing $4 million a month during the COVID-19 crisis, and if the trend continues, could face a budget shortfall of up to $42 million by year’s end.
Mayor Doug McCallum said the city’s finances would be worse if staff hadn’t taken action as early as it did. “While there remains a financial burden to bear, we are ensuring that the city’s fiscal house remains stable as we concentrate on delivering the services that are within the mandate of the city,” he said in a statement. [ Sign up for our Health IQ newsletter for the latest coronavirus updates ] Council is considering extending the due date for property taxes from July 2 to Sept.