“Our team have inherited a gutted and depleted reserve fund that actually has a negative balance, a half-billion dollar infrastructure deficit, and years of underfunding in services that matter to residents — that’s where we are,” ABC Coun.

Source: https://globalnews.ca/news/9504144/vancouver-budget-10-per-cent-tax-hike/

The plant facilities reserve fund levy would generate $3.3 million a year for the next ten years.

Source: https://www.eastidahonews.com/2023/05/district-91-asking-for-10-year-33-million-levy-in-upcoming-election-to-build-new-elementary-school/

The third-quarter report says the $3.1 million to cover the deficit can be drawn from the financial stabilization reserve fund, leaving a balance there of $16.5 million.

Source: https://www.cbc.ca/news/canada/manitoba/winnipeg-financial-forecast-deficit-1.7041042?cmp=rss

Worse still, there’s an effort to dig into the township’s greening reserve fund, the levy for which was introduced with the admonition it not be used for staff expenses.

Source: https://observerxtra.com/2023/02/02/woolwich-off-track-in-latest-bout-of-virtue-signalling/