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Vancouver asks province for approximately $200 million in crisis money
VANCOUVER — within the midst for the novel coronavirus pandemic, the City of Vancouver is asking for approximately $200 million in monetary help through the province.
Mayor Kennedy Stewart provided the enhance during a day news meeting Wednesday after outlining the significant impact that is financial town is dealing with.
“the actual fact associated with the matter is we are nevertheless losing huge amount of money a week, ” he stated. “we’re bleeding cash. “
Stewart estimates the town will totally lose $4 million to $5 million per week in lost revenue like parking and rec centre charges.
“we are additionally incurring costs to answer the crisis, including our focus to guard the susceptible population in the Downtown Eastside, ” he stated.
“We’re dealing with an issue right right here into the city that at precisely the same time we are losing all of this income, we’re needing to intensify and offer resources to those people who are in many need, in order that’s why we actually need the province to intensify here. “
Stewart stated the crisis grant would assist the city carry on its essential solutions while additionally supporting susceptible residents.
The $200-million quantity arises from a study through the town supervisor, which describes projections predicated on just how long health that is public last. One situation considers exactly what would take place if limitations had been lifted in May, a considers that are second situation if limitations final until August and a 3rd assumes limitations will not be lifted before the end of December.
“The province has better projections of just how long this thing is certainly going to final, but we have to do planning that is economic” Stewart stated.
The other day, the town announced it absolutely was temporarily laying down 1,500 city employees due to the pandemic. Restrictions have also positioned on brand brand brand new hires and travel for workers.
Stewart stated more work cuts may be necessary in the event that town does get support from n’t the province.
Within a news briefing Wednesday afternoon, Premier John Horgan stated the province is working closely with towns to be sure it’s doing exactly just exactly what it may to make certain residents will pay their bills, including home fees.
“we now haven’t got an agenda set up today but it is demonstrably front and center, not merely in the people who owe the fees, but to those municipalities that rely on those fees, to give the solutions he said that we all come to expect.
Stewart stated he, and also other regional mayors, started calling regarding the government that is provincial economic assistance fourteen days ago. Some Metro Vancouver mayors asked the province to expand its property tax deferment program, which would give cities funding to replace money lost from any deferred payments at the time.
“We require this system to add all residents, organizations and non-profit agencies experiencing hardship that is financial” Stewart stated.
“This will offer instant help for the numerous of Vancouver homeowners, business people and non-profits who’ll quickly be up against the defaulting on the taxes when we don’t discover a way to aid. “
Stewart said he’s additionally seeking the province to postpone remittance of non-city home taxation things they gather with respect to other people like provincial school taxes and TransLink charges.
“we might never be asking because of this in, ” he said if it was not for the dire financial situation we find ourselves.