The City of Prince Albert says the coronavirus pandemic is significantly affecting its bottom line, with a projected loss of $750,000 for 2020.
However, the mayor of the northern Saskatchewan city said there are still a lot of unknowns. “We still have risks associated with cash flow as property taxes are deferred and we know businesses are suffering and some may close permanently,” Greg Dionne said. “Administration took steps early in the process to provide detailed financial analysis.
We know where we’ve been hit the hardest, which positions us well to manage the issue and respond where we can.” Some of the lost revenue is due to the closure of recreational facilities.