The city of Ottawa is projecting a $12.2 million budget deficit this year, as a number of factors contribute to the city expecting to end the year in the red.
The finance and economic development committee will receive an update on the city's year-end budget forecast during a meeting on Nov. 1. The current FEDCO members will participate in the meeting, since the new council is not sworn in until Nov. 14.
The report doesn't provide one clear reason for the multi-million dollar deficit forecast in the two budgets; instead, it outlines expected deficits and surpluses in several departments. A non-departmental deficit of $13 million is expected, due in part to lower Red Light Camera and Rideau Carleton Raceway revenues, and costs related to the LRT provincial inquiry.
City officials anticipate the federal government will cover the city's $2.1 million costs associated with the 'Freedom Convoy', while the Ontario Ministry of Health is expected to cover the $3.2 million cost of the COVID-19 vaccination campaign.
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