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COVID-19 – and the looming financial crisis ahead
Published in
May 2020
- Page 5
As municipalities deal valiantly with the Coronavirus pandemic, another crisis is well underway. Every municipality in Canada is facing a financial crisis that will likely last for years.
Every municipality’s 2020 budget is now meaningless, as are the commitments and priorities built into them. Some municipalities are undertaking mass layoffs, others have chosen not to do so … yet. Few municipalities in Canada will be able to balance their 2020 budgets. Revenues across the board
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