covidDollars and SenseNationalNews
Canadian Municipalities Could Face $20b Budget Shortfall Due to Coronavirus
Source: CBC Radio, cbc.ca, June 07, 2020
Unlike other levels of government, municipalities cannot run a deficit budget by law.
Many Canadians may grumble this month as they open their property tax assessments. But by this time next year, that grumble could turn into a scream if municipalities can’t figure out different ways to bring in revenue or balance their budgets.
Cities across the country are facing a growing fiscal crisis, triggered at least in part by the COVID-19 pandemic.
For the latest information and for more updates on everything Kindersley ‘Like’ the Kindersley Social Facebook page below…
For the latest information and for more updates on everything Kindersley,
‘Like’ the Kindersley Social Facebook page!