Skip to Main content

10.35°^C Vancouver

News Entertainment Sports Videos Podcast Contact Us

Mar 24, 2021 9:31 PM -

City of Vancouver releases its 2020 Statement of Financial Information

Share On

city-of-vancouver-releases-its-2020-statement-of-financial-information

New financial data shows operating revenues for the City of Vancouver dropped by 90 million dollars, in large part due to the COVID-19 pandemic. (Photo - City of Vancouver/Twitter)

New financial data shows operating revenues for the City of Vancouver dropped by 90 million dollars, in large part due to the COVID-19 pandemic.

Mayor Kennedy Stewart says the city was able to save some money through more than 1,800 layoffs and the deferral of expensive capital projects as well as city council taking a 10 per cent pay cut.

Stewart says the city is in much better shape than this time last year.

A report on the city's budget says it expects the pandemic to continue to negatively affect non-tax revenues in to 2021.

City of Vancouver on Twitter:

Today the City released its 2020 Statement of Financial Information. Find out more: http://ow.ly/kgAr50E7tLA

Latest news

lorne-doerkson-pleased-with-carney-governments-budget-hopes-b-c-will-receive-major-funding

CanadaNov 06, 2026

Lorne Doerkson Pleased with Carney Government’s Budget, Hopes B.C. Will Receive Major Funding

B.C. Premier-designate Lorne Doerkson has voiced support for the federal budget presented by Prime Minister Mark Carney’s Liberal government, calling it encouraging for Canada’s economic future. The budget includes $6.5 billion in funding to support the forestry industry, which has been hit hard by U.S. tariffs. Doerkson expressed hope that British Columbia would receive a significant share of the funding, noting that the forestry sector is a major pillar of the province’s economy. Former B.C. Forests Minister Ravi Parmar also welcomed the funding, describing it as a good start. He said

canadas-unemployment-rate-rises-to-6-7-highest-level-in-six-months

CanadaNov 06, 2026

Canada’s Unemployment Rate Rises to 6.7%, Highest Level in Six Months

Canada’s unemployment rate climbed to 6.7 per cent in October, reaching its highest level in six months, according to the latest data released by Statistics Canada on Friday. Economists had expected the economy to add 13,600 jobs overall. However, instead of gaining jobs, Canada recorded a net loss of 4,700 positions last month. The decline was primarily driven by the private sector, which shed 53,000 jobs, marking its first major drop since February. Meanwhile, public-sector employment increased by 50,000 positions, while the construction industry added 16,000 jobs, helping offset some of t

AlbertaNov 06, 2026

Alberta Referendum Cost Nearly $84 Million, Elections Alberta Seeks Additional $59 Million

Elections Alberta has estimated the total cost of last month's referendum at nearly $84 million. The agency has requested more than $59 million in additional funding from the provincial government to cover expenses already incurred and upcoming work. Of the requested amount, approximately $49 million is intended to cover costs related to the October referendum, which have already been incurred. The vote set new records for advance voting, special ballots and voter turnout. Chief Electoral Officer Gordon McClure told a committee that manually counting 10 ballot papers for each voter placed sign

canada-raises-deposit-insurance-limit-from-100-000-to-250-000

CanadaNov 06, 2026

Canada Raises Deposit Insurance Limit from $100,000 to $250,000

The federal government led by Prime Minister Mark Carney has announced an increase in the deposit insurance limit, raising the amount of money protected in Canadians’ bank accounts from $100,000 to $250,000. Under a new proposal introduced as part of Budget 2026, the Canada Deposit Insurance Corporation (CDIC) coverage limit will increase by $150,000. This marks the first increase in the deposit insurance limit in nearly 20 years. CDIC insurance guarantees that eligible deposits held at member financial institutions are protected up to a specified limit in the event of a bank failure. The co

poilievre-accuses-carney-government-of-misleading-canadians-over-immigration-targets

CanadaNov 06, 2026

Poilievre Accuses Carney Government of Misleading Canadians Over Immigration Targets

Conservative Leader Pierre Poilievre has launched a sharp attack on Prime Minister Mark Carney over the federal government's new immigration plan, accusing the Liberals of manipulating figures to make it appear that immigration is under control. Poilievre alleged that the government is misleading Canadians, arguing that the new immigration targets remain among the highest in Canadian history. He said Carney is describing immigration levels as stable, but in reality, the government's mass immigration plan is protecting the profits of large corporations at the expense of Canadian families, inclu

Related News

BC Election Final Count Begins Friday, Recounts Ordered in Two Ridings

BC Election Final Count Begins Friday, Recounts Ordered in Two Ridings

Elections BC will begin the final count of last month’s provincial election on Friday. Although the BC Conservatives secured a majority government by winning 63 of the 93 seats, the margins between leading candidates remain fewer than 200 votes in four ridings. Nearly 150,000 mail-in ballots will be counted during the final counting process, with the final results expected to be announced by November 10. Elections BC has ordered recounts in two ridings where the margin between candidates is fewer than 100 votes. These include Burnaby South-Metrotown, where the NDP candidate is leading by jus

Vancouver Rents End 34-Month Annual Decline, Rise 0.2% in October

Vancouver Rents End 34-Month Annual Decline, Rise 0.2% in October

The nearly three-year decline in apartment and condo rents in Vancouver has come to an end. According to the latest report by Rentals.ca and Urbanation, average asking rents in Vancouver increased by 0.2 per cent year-over-year in October, marking the first annual increase in 34 months. Rents reached an average of $2,735. Similarly, rents in Toronto, Canada's second-most expensive rental market, rose by 1.6 per cent to $2,590 after declining for 32 consecutive months. On a month-over-month basis, Toronto recorded the highest rental increase among Canada's six largest markets, with rents rising

Storm Threatens B.C.’s Coastal Regions, With Heavy Rainfall and Strong Wind Warnings

Storm Threatens B.C.’s Coastal Regions, With Heavy Rainfall and Strong Wind Warnings

A powerful storm is expected to hit British Columbia’s coastal regions, bringing heavy rainfall of up to 120 millimetres in some areas. Environment Canada has issued heavy rainfall warnings for western and inland parts of Vancouver Island, where rainfall could reach 10 millimetres per hour for several consecutive hours. According to the weather agency, the heaviest rainfall is expected in northern areas near Tofino, including Port Alice and Zeballos. Heavy rain is also forecast for the Central Coast, including Bella Coola. Meanwhile, strong winds reaching speeds of up to 110 km/h are expecte

Legals

Journalism code of ethics

© 2021 AKASH Broadcasting Inc.

MANAGED BY STRATWIT

useful links

Accessibility Plan

Broadcasting Notice of Consultation

BC Children's Hospital