Show me the money: City council preview

City Hall

SAULT STE. MARIE, ON – City council this week is going to be focused a lot on money.

City council is receiving a third-quarter financial update which indicates the pandemic has cost the city millions in lost revenue.

Transit, community centres use, and interest on unpaid taxes have all had a negative effect on the budget.

On the opposite side, not having to hire summer students and savings from the employee benefits program balance out some of the losses.

In a pandemic report to council, it is however realized the funding from both federal and provincial levels of government should be sufficient to fund a lot of the lost revenues incurred by the city.

Tenders have come back for the purchase of new buses for Sault Ste. Marie Transit Services. If approved by council, 10 replacement buses will have a total cost of $5.48 million + HST.

A new stop-sign on Gore Street, a rental housing incentive, and downtown security are other items facing councillors on what could be a long night.

The meeting will be held on October 25, 2020.

Follow me on Twitter @superiordangray for live updates.