By Pepper Parr
March 29th, 2023
BURLINGTON, ON
How did the treasurer keep the city’s financial situation above water.
A statement put out by the Treasurer said:
This report provides Committee and Council with the City’s preliminary unaudited 2022 year-end position. The City’s unfavourable year-end revenue losses were fully mitigated from a combination of business as usual savings, Transfers from Reserve Funds and the use of Safe Restart Funding.
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Explanations for the numerous unfavourable variations on the funding side
Council will debate and discuss the reports today.
