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Article content “That increase of $26 million was largely due to external COVID-19 funding that will be used in 2021 … to offset continued COVID-19 financial impacts,” said Barry Lacey, executive director of financial strategy and sustainability for the city. We apologize, but this video has failed to load. Try refreshing your browser, or City of Regina sees increase in reserves in 2020 thanks to pandemic supports Back to video Total reserves at the end of 2020 amounted to $199.4 million compared to $172.7 million at the beginning of 2020. According to the 2020 Reserve Report considered by executive committee on Wednesday, each reserve has a minimum and a maximum limit. At the end of 2020, five of the city’s 21 reserves were outside their range, while 16 were within range. ....
City of Regina outlines economic environment as it develops 2022 budget In a lengthy presentation to council members, city administration outlined the current and forecasted economic environment, including challenges and opportunities that will inform the city s 2022 operating budget. Author of the article: Jennifer Ackerman Publishing date: Jul 07, 2021 • 2 hours ago • 3 minute read • In a lengthy presentation to council members, Barry Lacey (executive director of financial strategy and sustainability for the City of Regina) outlined the current and forecasted economic environment, including challenges and opportunities that will inform the city s 2022 operating budget. Photo by TROY FLEECE /Regina Leader-Post Article content Another city budget is being prepared under unprecedented circumstances caused by COVID-19, but there is light at the end of the tunnel, says City of Regina administration. ....