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City records $219M surplus for 2020, but officials warn COVID fallout isn t over

The City of Calgary ended 2020 with a $219.3-million surplus after government aid packages arrived to help cover the pandemic-fuelled revenue crisis for municipalities across Canada. The number is significantly higher than the $98-million surplus that council’s audit committee heard about last week . That’s because that total included the financials from wholly owned subsidiaries, including Enmax. Strictly looking at city operations, the surplus.

City closes 2020 with $98M surplus; money planned for COVID recovery

Article content COVID-19 battered city operations in 2020, but Calgary closed the year with a $98-million surplus money that will go back into pandemic relief this year. The final result comes after considerable anxiety about managing city finances during an unprecedented situation, and whether Calgary might even end the year in the red. The city cut spending by $65 million last year, before the federal and provincial governments delivered an aid package totalling about $200 million part of a program called the Municipal Operating Support Transfer (MOST). We apologize, but this video has failed to load. Try refreshing your browser, or City closes 2020 with $98M surplus; money planned for COVID recovery Back to video

COVID-19 Update: City to plow surplus into recovery effort | Border towns brace for brake on B C travel | 1,345 new cases Tuesday

What’s happening now Walk-in appointments for the AstraZeneca vaccine at the AHS Telus Convention Centre vaccination site filled up by mid morning for the second day in a row. COVID-19 battered city operations in 2020, but Calgary closed the year with a $98-million surplus money that will go back into pandemic relief this year. Premier Jason Kenney said Tuesday he will decide in the next 24 hours whether to give workers three paid hours to get themselves vaccinated against COVID-19 as requested by the NDP. Calgary’s large-scale immunization clinic was overwhelmed on Tuesday after eligibility for the AstraZeneca vaccine expanded to include anyone aged 40 and over.

COVID-19 Live Updates: News on coronavirus in Calgary for April 21

COVID-19 Live Updates: News on coronavirus in Calgary for April 21
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