The City of Winnipeg's early financial forecast for 2025 predicts an $18.9 million deficit, approximately 1.3% of its operating budget. This shortfall is attributed to Winnipeg Fire Paramedic Service overtime, lower permit fees, and the Winnipeg Police Service not meeting expense targets. The city expects to cover the deficit using its $21.5 million fiscal stabilization reserve.
Winnipeg deficit of nearly $19M predicted for 2025
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The City of Winnipeg's early financial forecast for 2025 predicts an $18.9 million deficit, approximately 1.3% of its operating budget. This shortfall is attributed to Winnipeg Fire Paramedic Service overtime, lower permit fees, and the Winnipeg Police Service not meeting expense targets. The city expects to cover the deficit using its $21.5 million fiscal stabilization reserve.
- 1 January to March 2025: First quarter of the city's operations covered by the report
- 2 End of 2025: Predicted deficit for the year
- Projected $18.9 million deficit for the City of Winnipeg
- use of fiscal stabilization reserve to cover the shortfall
- potential need for departments to meet an overall savings target of $6.5 million
What: The City of Winnipeg's financial forecast predicts a deficit.
When: The prediction is for the end of 2025, based on the first quarter (January to March) report.
Where: Winnipeg, Manitoba, Canada.
Why: Reasons include Winnipeg Fire Paramedic Service overtime ($6.5M over budget), lower income from permit fees ($5.4M over-expenditure for property and development), and the Winnipeg Police Service not meeting a $5.1M expense management target (only achieved $800K).
How: The deficit is a result of various departmental overspending and under-revenue, but the city plans to cover it using its fiscal stabilization reserve.