The latest financial update from the City is projecting a $14.6 million deficit. $15 million dollars is being held from reallocated City reserves from the Paved Roadways Preservation capital project to offset the potential capital reductions in 2021 that would be needed to balance the 2020 year-end.

Projected deficits in various departments include $2.5 million in Parking, $2.6 million for Leisure Centres, $4.1 million for Fines & Penalties, $1.3 million in Waste Handling and a projected $7 million deficit for Saskatoon Transit.

TCU Place and SaskTel Centre also expect to be significantly impacted with their shortfalls offset by stabilization reserves and capital reserves with the intent of not impacting the mill rate.

SaskTel Centre is projecting a deficit of $3.8 million, TCU Place is projecting a deficit of $3.08 million. Both venues have been heavily impacted by cancelled events. TCU Place intends to mitigate losses through small socially distanced events that adhere to government guidelines. The Remai Modern Art Gallery is currently projecting to break even for 2020.