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Peterborough estimates $10.3M net deficit in 2020 due to pandemic; $3.9M estimate for 2021 Q1
coronavirus pandemic and the pattern will continue into 2021.A financial report from city staff — to be presented to city council on Monday — estimates the city had $14,454,122 in lost revenue as of Dec. 31, 2020 along with $5,535,926 in direct costs and $2.4 million in cost savings, and received more than $7.2 million in provincial and federal funding related to social services, public transit, general operating and miscellaneous (which included a Museum Assistance Program).It totals to a net financial impact of $10,352,970.