Since COVID-19 emerged, we hadn’t seen any stories about government employees taking pay
cuts. That led us to ask governments– when was the last time you cut employee pay?
SecondStreet.org report examines when the last time was the federal government, provincial governments and 13 major cities cut employee pay…
I called up my friend Tracy Johnson recently and asked her a simple question, “how would you like it if your business saw a 6 per cent drop in revenues?”
Are cities really facing big financial shortfalls in Canada?
We take a closer look at the numbers –
Coming out of the COVID-19 pandemic, it will be important to pay attention to city hall and how it responds to the recession – municipalities are uniquely positioned to hurt or help our nation’s economic recovery. Taxpayers should also be aware that despite what some city councillors and mayors insist, cities have more financial flexibility than they let on.
A little while ago, I did a bit of research into Winnipeg’s City Council pension plan and thought I would post the findings in case anyone would like to take a closer look.
New Canadian think tank SecondStreet.org released today a report that examines large cities in Canada and the double pensions they provide to some municipal employees.
SecondStreet.org examined double and triple pension situations in 11 major cities across Canada, filing freedom of information requests with Vancouver, Edmonton, Calgary, Saskatoon, Winnipeg, Toronto, Ottawa, Brampton, Mississauga, Montreal and Halifax.
