Michael Fougere Coronavirus pandemic City of Regina COVID-19 Regina Michael Fougere Coronavirus

Regina financial report projects $5.1 million deficit, though ‘books will balance’

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City of Regina’s mid-year financial report predicts the coronavirus pandemic will lead to a $5.1-million operating deficit by the end of 2020.But with federal funding and infrastructure projects taken into account, city officials think the budget will still be balanced come the end of the year.“As long as there’s no further expenditures we’re surprised with we should have that balance to zero,” said Regina Mayor Michael Fougere said of the outlook, which could change by the end of the year.“Council, myself and administration are looking very closely to ensure that any gaps we have will be dealt with.

Regina Mayor Michael Fougere wants property tax freeze as he seeks re-election The mid-year financial report provides a point-in-time.

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