Coronavirus: London, Ont., to receive over $40 million in Phase 1 of provincial, federal funding “I recognize the financial pinch families are feeling right now because of COVID, so if the result of this is that we do a couple less road payments this summer … I think that is a fair trade-off,” Lewis said.London city councillors have concluded the 2021 budget update process, part of the annual updates associated with the multi-year budget, as part of the strategic priorities and policy committee meeting on Thursday.In total, councillors approved gross 2021 expenditures over $1 billion, of which $673.5 million is the property tax-funded portion.The only thing left is for council to give final approval during the council meeting on Jan..