City Projects $30M Deficit

City Projects $30M Deficit

WINNIPEG - The city is projecting a $30 million deficit to the end of June.

However, finance chair Scott Gillingham says it could have been much worse, $67 million, had measures not been taken.

Almost all the shortfall can be blamed on Winnipeg Transit which saw a significant drop in ridership because of COVID-19.

Like revenues, the city's population will also be down this year. Projections show a drop of 3,300 people to 771,400 by the end of the year.

TOPICS:   Winnipeg News

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