By Pepper Parr
June 11th, 2020
BURLINGTON, ON
It has been a tough week for members of Council.
They have been dealing with normal day to day business; looking at some fascinating tools related to win and shadow studies and trying to get a handle on just what the lock down is doing to the local economy.
Burlington Hydro reported on how much of a financial hit they have taken. Their numbers are not that bad – and they have only cut off service to one location for non-payment.
The Tourism people talked about the vacancy rates.
The data was obtained from a screen shot of material that was shown to members of council who were meeting in a virtual session.
And the finance people are looking at where we are likely to be financially when this is all over – and at the same time casting an eye on what the 2021 budget might look like.
This graph sets out the revenue lost from the shut down of programs and fees tat were not paid
This graph shows what the city has done to offset as much of the revenue loss as possible.
Director of Finance Joan Ford produced two graphs that set out what the financial picture looks like. The biggest financial draw has been for transit where there is no revenue and a lot of expense.
Neither mall has paid their taxes – the city is expecting them to be caught up by the end of June.
