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City projecting $12.1 M deficit

The City of Winnipeg is projecting a $12.1 million shortfall for 2018.
The City of Winnipeg is projecting a $12.1 million shortfall for 2018. Jeremy Desrochers / Global News / File

The city is projecting a $12.1 M dollar shortfall for 2018.

The first quarterly report will be delivered to the finance committee next week.

The report indicates about $4.5 million of the deficit is the result of reduced revenue from photo radar tickets, and higher pension and overtime costs from police staffing Winnipeg Whiteout Street parties.

Another $3.7 million is from debt, benefit and overtime costs within the Winnipeg Fire Paramedic Service.

Snow clearing also went above budget by $1.6 million.

Scott Gillingham, finance committee chair, said the first quarter often projects a deficit, which is usually reduced by the end of the year.

“Usually over the last three quarters of the year that deficit is diminished and the financial picture improves,” Gillingham said.

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The report will be reviewed at the June 5 meeting.