13.21°C Vancouver

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

nova-scotia-offering-150-000-reward-for-information-about-missing-kids
CanadaJun 19, 2025

Nova Scotia offering $150,000 reward for information about missing kids

Nova Scotia's Justice Department is offering a reward of up to $150,000 for information about the disappearance of two young children in May. The province's justice minister issued a statement today saying the disappearance on May 2 of six-year-old Lilly Sullivan and her four-year-old brother Jack is being felt across the province and beyond. Becky Druhan says investigators are working tirelessly to find answers. She is urging anyone with information to share it with the RCMP. The Mounties started a missing persons investigation after they received a report that the two children had wandered a
canadian-food-inspection-agency-finds-rare-disease-at-b-c-commercial-pigeon-premises
BCJun 19, 2025

Canadian Food Inspection Agency finds rare disease at B.C. commercial pigeon premises

Canada's food inspection agency says it has uncovered a case of Newcastle disease at a commercial pigeon operation in Chilliwack, B.C., requiring the birds to be culled and the premises to be disinfected.The Canadian Food Inspection Agency says the virus affects both wild and domestic birds and can cause pink eye in humans. It says the ailment is of great concern to the world's agricultural community since it's highly contagious and threatens poultry. The agency says mild strains affect domestic poultry and pigeons and more severe strains can kill chickens.It says Newcastle disease can decreas
watchdog-recommends-up-to-100-foreign-airline-ownership-amid-low-competition
CanadaJun 19, 2025

Watchdog recommends up to 100% foreign airline ownership amid low competition

Canada should allow 100 per cent foreign ownership of domestic-only airlines, the Competition Bureau says in a new report highlighting the country's "highly concentrated" aviation industry. In a market study released Thursday, the watchdog suggested creating a new class of airline that operates only in Canada but could have owners from outside its borders, opening the gate to global expertise — and cash. The current foreign ownership cap sits 49 per cent. In addition, no more than 25 per cent of a carrier can be owned by any one foreign entity, a proportion the Competition Bureau proposed ra
spain-rejects-natos-anticipated-defense-spending-increase-as-unreasonable
WorldJun 19, 2025

Spain rejects NATO’s anticipated defense spending increase as 'unreasonable'

Spain has rejected a NATO proposal to spend 5% of GDP on defense needs that’s due to be announced next week, calling it “unreasonable.” In a letter sent Thursday to NATO Secretary-General Mark Rutte, Spanish Prime Minister Pedro Sánchez said that Spain “cannot commit to a specific spending target in terms of GDP” at next week’s NATO summit in The Hague. Most U.S. allies at NATO are on track to endorse U.S. President Donald Trump’sdemandthat they invest 5% of gross domestic product on their defense and military needs. In early June,Sweden and the Netherlandssaid that they aim to
moe-smith-repeat-calls-for-federal-action-and-support-for-energy-projects
CanadaJun 19, 2025

Moe, Smith repeat calls for federal action and support for energy projects

The premiers of Alberta and Saskatchewan are repeating their calls for federal support for energy projects and the abandonment of some industry regulations. Saskatchewan Premier Scott Moe and Alberta's Danielle Smith say if Prime Minister Mark Carney wants Canada to have the strongest G7 economy, he needs to repeal policies like the West Coast tanker ban and net-zero electricity regulations. Moe says Canada's top priority should be building an energy corridor that connects the northwest coast to the coast of Hudson Bay. It's a pitch premiers have been making for over a month, since it

Related News

No records found.