Manitoba

214 readers

10 users here now

A space to discuss news and events in Manitoba, Canada.

Rules

No bigotry - including racism, sexism, ableism, homophobia, transphobia, or xenophobia.
Be respectful, especially when disagreeing. Everyone should feel welcome here.
No porn.
No Ads / Spamming.

Noteworthy Links

Government of Manitoba

Highway Conditions

Travel Manitoba

!winnipeg@lemmy.ca

Banner credit: Travel Manitoba

founded 1 year ago

MODERATORS

otter@lemmy.ca

ValueSubtracted@startrek.website

Projected $23M deficit, depleted reserve fund leave City of Winnipeg in 'new territory': finance chair (www.cbc.ca)

submitted 11 hours ago by HellsBelle@sh.itjust.works to c/manitoba@lemmy.ca

2 comments fedilink hide all child comments

The City of Winnipeg may need to find millions of dollars in next year's budget to cover overspending after its latest financial report shows the forecast deficit for this year has grown.

The city estimates its deficit for this year will be $23.4 million — down from a projected $40-million deficit in June, but an increase of more than $4.2 million from the $19.2-million deficit forecast in the last financial update, delivered in September.

The city has repeatedly drawn from its fiscal stabilization reserve — sometimes referred to as its "rainy day fund" — to balance the budget over the last few years, meaning there is nothing there to help this time.

you are viewing a single comment's thread
view the rest of the comments

[–] HellsBelle@sh.itjust.works 1 points 11 hours ago

My proposal ... all homes worth $2 million+ have an added 1% property tax ... all homeowners who own more than 1 house have an added 1% property tax on each excess property owned ... all residents who are worth over $2 million have an extra 5% income tax levied on them ... all landlords in possession of homes/rental units that have not been rented out in over 12 months pay an extra 10% property tax on said properties.