The city of Moncton got a glimpse at the financial impacts the COVID-19 pandemic could have.
Two scenarios were presented to city council on Monday to help them establish financial strategies.
General Manager of Finance Services Jacques Doucet says these depend on when a vaccine becomes available.
A first scenario indicates a potential shortfall of 15 million dollars over the next three years.
The second, and more likely situation would see a 3.3 million dollar deficit, bouncing back by 2023.
Doucet says the city was on track for a one million dollar surplus before the pandemic.
Council members agreed that there was no desire to increase tax rates to compensate.
From City of Moncton
