They were already broke after Moonbat Roberts.
City of Vancouver at risk of bankruptcy, says mayor
Records show the city’s overall financial position improved by $300.8 million in 2019 with accumulated surplus totalling $7.9 billion.
Author of the article:
David Carrigg
Publishing date:
Apr 13, 2020 • Last Updated April 13, 2020 • 3 minute read
Vancouver Mayor Kennedy Stewart says the city is at risk of insolvency. PHOTO BY FRANCIS GEORGIAN /PNG
The City of Vancouver is at risk of going bankrupt, says the mayor, citing a recent poll showing more than half of property owners are not expecting to pay full property taxes this year as COVID-19 financial woes take hold.
In a press release issued on Sunday afternoon, Mayor Kennedy Stewart said his earlier claim that the city would lose up to $189 million in revenue and fee shortfalls in 2020 could be as much as $325 million short of the mark. The city has already laid off 1,500 workers