Buried in an article on 580 CFRA about the city running a $16M surplus last year
was the revelation that OC Transpo had to pull from its capital reserves to make up for a $4.6M budget deficit in 2010.
I'm sure we'll hear more about it in the coming days, notably explanations for the shortfall. In August, the utility predicted a $4.7M revenue shortfall
, so I guess that's a plus.
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