The big number $2.1 billion the scale of mayor-elect Olivia Chow’s inherited budget challenge according to new city hall reports. That includes $300 million worth of reductions and delays to infrastructure projects made to account for last year’s budget shortfall, a $916 million projected budget shortfall for this year, and an estimated budget gap of up to $927 million for next year. Big number: $2.1 billion, the scale of mayor-elect Olivia Chow’s inherited budget challenge according to new city hall reports. That includes $300 million worth of reductions and delays to infrastructure projects made to account for last year’s budget shortfall, a $916 million projected budget shortfall for this year, and an estimated budget gap of up to $927 million for next year. So, in summary, Chow has to figure out how to reverse $300 million worth of budget cuts and delays to infrastructure projects from last year, fill a $916 million budget hole this year, and address a projected gap of up to $927 million for next year.

Source: thestar July 11, 2023 23:01 UTC