Ontario covid-19 Guelph Coronavirus Guelph coronavirus Ontario

Guelph’s projected COVID-19 deficit jumps to $24.3 million

Reading now: 892
globalnews.ca

Ontario budget deficit projected to jump to $38.5 billion in 2020-2021 The report states an estimated $14.3 million in savings were made during the pandemic by halting spending, laying off employees, pausing non-critical hiring and cutting services and programs.In other words, the city is looking at a $10-million shortfall without emergency funding from the provincial and federal governments.Ontario municipalities should be receiving $4 billion in aid for operational costs and public transit.

Guelph’s slice of the pie has not been determined, but staff expect that to be disclosed in the coming weeks.The report noted that the city’s reserves can manage the $10-million deficit, but that could be a different story if there is a second wave.

Read more on globalnews.ca
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA