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.

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