Saskatoon’s Mayor says difficult decisions were made in 2020, safety guidelines were implemented and the City implemented discretionary hiring when COVID-19 hit.
This, from the City’s 2020 annual report and financial statement.
Charlie Clark states that fiscal stabilization reserves were used to keep the core services in place.
Transit services were reduced, but snow removal had to be augmented in response to November’s unprecedented snowstorm.
The report notes that the City of Saskatoon maintains its S&P Global ‘AAA/Stable’ credit rating.
City Manager, Jeff Jorgenson, says, “Throughout a very challenging year, we committed to careful and stringent financial management to plan for financial recovery.”
He says the City was able to balance the budget while dealing with the pandemic.
You can click on the link with this story for both the annual report and the 2020 financial statement.
City of Saskatoon Annual Report Shows a Maintained AAA Credit Rating
By Carol Thomson
Aug 27, 2021 | 5:44 AM
















