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COVID-19 forces Halifax council to make severe budget cuts during economic downturn
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The 2020-21 Halifax Regional Municipality budget was all set for a final vote of approval in March but then the COVID-19 pandemic hit Nova Scotia.
Halifax CAO Jaques Dube said the municipality is experiencing severe cash-flow issues and tremendous revenue losses already due to the pandemic.
In a special budget meeting held online, Dube painted a stark picture, suggesting the long-term financial impacts of COVID-19 will only get worse for years to come. “This has been an incredibly challenging time,” said Dube. “I don’t think any of us has experienced something like this.” According to the staff report, Dube says the municipality will see a $44 million shortfall this year with $20 million of that coming directly from a loss from transit
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