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Winnipeg finances to take another pandemic-related hit

Winnipeg City Hall. CP Images/Francis Vachon

The COVID-19 pandemic continues to affect the City of Winnipeg’s finances.

According to a financial status and forecast report issued by the city Monday, the municipal coffers are currently projected to take a $12.7-million hit this year — but that number could potentially change depending on how the rest of 2021 shapes up.

The city had budgeted $61.2 million in anticipation of pandemic impacts, but the report estimates an additional $26.9 million in further COVID-19 financial impacts.

Read more: City of Winnipeg releases financial forecast

“The City had adjusted its 2021 budget update in anticipation of ongoing challenges related to the pandemic, however the prolonged state of COVID-19 in our community is causing even greater impacts to the budget,” said finance committee chair Coun. Scott Gillingham (St. James).

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“It will be important for the City to maintain prudent fiscal management throughout 2021 as we continue to address COVID-19.”

Among the areas impacted is Winnipeg Transit, which continues to suffer a huge deficit — almost $14 million — due to lower-than-average ridership.

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Manitoba finance minister on budget breakdown – Apr 8, 2021
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