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Winnipeg plans to borrow for construction, draw from reserve fund to avoid pandemic-induced deficit

from CBC News

Winnipeg plans to borrow for construction, draw from reserve fund to avoid pandemic-induced deficit CBC News The City of Winnipeg plans to borrow more money this year and drain one of its reserves in order to mitigate the financial impact of the COVID-19 pandemic. A new report to council's executive policy committee recommends the city use borrowed money instead of cash to pay for $18 million worth of capital projects this year. READ MORE

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