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City of Vancouver releases its 2020 Statement of Financial Information
BY , Mar 24, 2021 9:31 PM - REPORT AN ERROR
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
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