Reserve funds: How many of them are their and how much money is socked away?

By Pepper Parr

June 11th, 2025

BURLINGTON, ON

City Hall: Piggy bank central

Municipalities are not permitted to go broke.  The province doesn’t permit that.

If a municipality does find that it can’t meet the payroll the province sends in a team of people who take over running the financial side of a city.

The cities get around this by creating reserve funds that they shovel money into on a regular basis.

Some reserve funds are mandatory.

So – what does Burlington have in the way of reserve funds?  You will be surprised.