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City ends 2015 with $42-million deficit
Matthew Pearson, Ottawa Citizen
Published on: February 23, 2016 | Last Updated: February 23, 2016 7:08 PM EST
A truck plows snow in front of Ottawa City Hall. Errol McGihon / Postmedia
The city finished 2015 in the red, amassing a $42-million deficit.
Costly winter maintenance jobs, combined with millions of additional dollars needed for arbitration awards and increased Workplace Safety and Insurance Board charges resulted in a $25.9-million deficit last year on the tax-supported side of the budget.
Added to that shortfall for services paid for by property taxes is a further $15.9-million deficit for services paid for by utility rates.
The year-end results are “significantly better than projected,” a report to council’s finance and economic development committee says.
When the 2016 draft budget was tabled in November, the projected deficit on the tax-supported side was forecast to be $46.5 million.
The report says city’s improved year-end position can be attributed to a freeze on hiring and discretionary spending, higher-than-expected revenues in certain areas, and the mild start to the 2015-16 winter season, which resulted in $4.8 million in savings on winter maintenance.
The deficit for rate-supported programs was initially estimated at $10 million, but lower-than-expected water consumption levels led to a decline in revenue, resulting in a $5.9-million increase to the deficit.
When developing the 2016 budget, the level of consumption has been reduced to reflect actual 2015 consumption levels, the report says.
OC Transpo finished last year with an $11.6-million deficit, which is more than $1 million higher than initially expected.
Police, fire, paramedics, public works and library services also finished 2015 in the red.
The finance committee will discuss the report when it meets on Tuesday.
Published on: February 23, 2016 | Last Updated: February 23, 2016 7:08 PM EST
A truck plows snow in front of Ottawa City Hall. Errol McGihon / Postmedia
The city finished 2015 in the red, amassing a $42-million deficit.
Costly winter maintenance jobs, combined with millions of additional dollars needed for arbitration awards and increased Workplace Safety and Insurance Board charges resulted in a $25.9-million deficit last year on the tax-supported side of the budget.
Added to that shortfall for services paid for by property taxes is a further $15.9-million deficit for services paid for by utility rates.
The year-end results are “significantly better than projected,” a report to council’s finance and economic development committee says.
When the 2016 draft budget was tabled in November, the projected deficit on the tax-supported side was forecast to be $46.5 million.
The report says city’s improved year-end position can be attributed to a freeze on hiring and discretionary spending, higher-than-expected revenues in certain areas, and the mild start to the 2015-16 winter season, which resulted in $4.8 million in savings on winter maintenance.
The deficit for rate-supported programs was initially estimated at $10 million, but lower-than-expected water consumption levels led to a decline in revenue, resulting in a $5.9-million increase to the deficit.
When developing the 2016 budget, the level of consumption has been reduced to reflect actual 2015 consumption levels, the report says.
OC Transpo finished last year with an $11.6-million deficit, which is more than $1 million higher than initially expected.
Police, fire, paramedics, public works and library services also finished 2015 in the red.
The finance committee will discuss the report when it meets on Tuesday.
