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Winnipeg to present 2021 budget

Winnipeg’s 2021 draft operating and capital budget will be released tomorrow at 2 p.m., at a special Executive Policy Committee meeting.

“We are hopeful City Council recognizes the significant economic impact of strong core infrastructure investment programs, so necessary now given the financial pummeling that all government treasuries have taken due to the impact of the COVID-19 pandemic this year,” MHCA President Chris Lorenc said.

MHCA will watch, by video, the budget meeting and will prepare for members a round-up of the program budgets for local and regional street renewal and in sewer and water main programs. The synopsis will be sent Friday afternoon.

The City released in October its latest estimate of its financial position, including the expected hit to revenues from the COVID-19 economic slide, indicating a deficit in the tax-supported budget of $2.5 million this year. That estimate was before the federal government transferred “restart” funding to Manitoba municipalities to buffer the effects from the pandemic, and Winnipeg was expected to receive more than $40 million from that fund.

The EPC meeting can be seen live by clicking the ‘watch here’ link on this page.