An October snowstorm is continuing to have an impact on the City of Winnipeg’s finances.
The city released an update Monday on its forecasted projected deficit, which now sits at $6.7 million to November 30, 2019.
Clean-up efforts from the late fall weather event are pegged at nearly $10 million.
“The city’s response to the October storm event continues to have a significant impact on the forecasted year-end financial status; however, city departments have been able to find additional savings late in the year that will move the city closer to balance at year-end,” said Councillor Scott Gillingham, chairperson of the standing policy committee on finance.
“While the city may need to draw on the financial stabilization reserve fund at the end of the year, it’s expected there will be savings found over December that will further reduce the projected deficit.”
Council has directed city officials to apply for disaster financial assistance through the province to offset some of the costs associated with the post-storm costs.