The Burlington City Council’s next meeting will be on Monday, April 20 at 9:30 a.m.

This council meeting will see Burlington senior staff providing an update about the financial impacts of COVID-19 and seek Council’s endorsement of a three-month strategy that prioritizes which City services will be provided through to the end of June 2020.

Financial impacts of COVID-19

A report detailing the impacts of the COVID-19 pandemic on the City of Burlington’s budget will be presented. This report will include:

  • Estimated revenue impacts of $7.6 million to June 30, 2020;
  • Estimated expenditure savings of $5.2 million to June 30, 2020;
  • Cash flow projections to June 30, 2020;
  • Future financial modelling to identify pressures, dependent on the length of the pandemic, and recovery scenarios.

Municipalities are required to approve a balanced budget; however, the City of Burlington can have a shortfall or surplus in a given year. A shortfall can be offset by:

  • Using reserve funds;
  • Increasing taxes in the next year; or
  • Reducing expenditures during the year of the anticipated shortfall. This is what Burlington is attempting to do to mitigate a shortfall at year-end.