The City of Winnipeg is currently forecasting a slightly larger deficit for 2026, according to its latest financial report. According to the most recently tabled report in the city’s financial committee, the city is predicting a $18.8 million shortfall for 2026, an increase of $4.8 million from the report released during the first quarter of the year. The report attributes the shortfall to higher-than-budgeted snow and ice control in the early part of 2026, as well as increasing fuel costs due to the ongoing war in Iran, particularly impacting Transit. In addition, lower-than-forecasted Transit revenue and increasing workers’ compensation claims and overtime for Winnipeg Fire Paramedic Service, Winnipeg Police and Transit workers are cited as reasons for the shortfall. The city said it will be taking steps to address the shortfall, including a one-time transfer of $18.4 million from the financial stabilization and increasing the budget for snow and ice control. The report also notes the city is working to achieve $58.4 million in savings in 2026. The report will be discussed when the committee meets on Sept. 14.
