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Finance committee  I don't have a lot to add on that. I think municipalities and transit agencies do have opportunities to seek debt, although usually our debt financing is for investing in capital projects. We do not seek debt to look at operating deficits. I think any assistance that can be loo

April 24th, 2020Committee meeting

Jonathan Coté

Finance committee  As I mentioned in my opening statement, our transit agency is already looking at implementing cuts of about 40% to our transit system here in metro Vancouver. If, over the next few months, though, we're not able to get provincial and federal support, and continue to lose the reve

April 24th, 2020Committee meeting

Jonathan Coté

Finance committee  I'll jump in. Our immediate need is the financial challenge that we're facing because of lost revenue, and that's where our focus is. Longer term, as we start to rebuild our communities, rebuild our country after this health crisis, I think agencies like transit agencies would be

April 24th, 2020Committee meeting

Jonathan Coté

Finance committee  Thank you very much. It's a pleasure to be here. Thank you for the opportunity to be able to share some of the challenges from cities. My comments today are really going to focus on the impact to transit agencies. I currently serve as the mayor of the City of New Westminster, b

April 24th, 2020Committee meeting

Jonathan Coté