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Coronavirus: City of Kawartha Lakes working to curb projected $2.5M deficit

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globalnews.ca

coronavirus pandemic, previous emergency orders and reduction in services, the City of Kawartha Lakes continues to try to find efficiencies in its budget.Revenue losses were originally projected at $3.2 million for 2020, but that number has grown to approximately $4.5 million.The municipality has cut back on some of its expenses, through layoffs and service reductions, and is now projecting a deficit of about $2.5 million that it wants to get to $0 by year’s end.The City of @kawarthalakes initially forecasted $3.2 million in revenue losses but now that number is $4.5 million.

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