The Ontario government is dropping another $7.48 million into OC Transpo's fare box to help cover its 2022 deficit, but it will not be enough to keep the transit service out of the red.
In December, Ottawa received $63.3 million under stage 4 of the federal-provincial Safe Restart Agreement to cover costs related to the COVID-19 pandemic, but it wasn't enough to cover the projected $85.5 million transit deficit last year.
"The city will seek additional funding through the province to address the remaining funds to cover the remaining COVID-19 related impacts," staff say. Several departments posted a surplus last year, including Recreation, Cultural and Facility Services due to higher revenue for recreational services and Planning, Real Estate and Economic Development due to vacancies and financial mitigation strategies.
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