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Ottawa’s Financial Crisis Sparks Plea for Aid

Ottawa faces a $140M transit shortfall, risking tax hikes. Mayor urges federal and provincial aid for fairness.

by Mark Eisenberg
Fri, Aug 9, 2024 12:38am
in Economy
• 2 mins read
14.8k
Ottawa's Financial Crisis Sparks Plea for Aid | FinOracle

Photo: Finoracle.net

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Ottawa Faces Financial Crisis with Transit Shortfalls

Ottawa is grappling with a dire financial crisis, as outlined by Mayor Mark Sutcliffe, spotlighting a potential $140 million annual shortfall in the city's transit budget. This looming deficit threatens to trigger either a seven-percent property tax hike or substantial service cuts over the next three to four years if left unaddressed.

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