New Brunswick Premier Blaine Higgs says he’ll meet with the province’s municipalities to discuss the financial impacts of the COVID-19 pandemic.
At the province’s coronavirus update Thursday afternoon, Higgs said mitigation would need to be handled on an individual basis. “It’s going to be case-by-case and working with municipalities to do the right thing and whether it’s changing the borrowing rules or whether it is funding, but it’ll be a managed process and I’m starting that tomorrow with the municipalities meeting,” he said.
Municipalities in New Brunswick are not able to borrow to cover operational costs, only capital costs. This creates a difficult situation as pandemic-related shutdowns plague them all. “The province is collecting