Edmonton city councillors heard some preliminary numbers Monday, projecting what the novel coronavirus pandemic is doing to the city corporation’s bottom line.
Through a lack of revenue and increased expenses, the city could be out $112.3 million if the current situation lasts until mid-September.
That scenario was presented to city council by Mary Persson, the deputy city manager of financial and corporate services. “This estimate may be low.
We are in uncertain times. “We do have increased costs being inferred for increased cleaning and protective personnel equipment as we work through our response in the short term.” So… basically the city is in the red due to #COVID19 Could be anywhere between $27.8M to $112.3M depending on how long