The City of Winnipeg is forecasting a $17.4-million deficit in its main operating fund for 2025, though the shortfall has improved slightly since the spring, according to a new financial update heading to a council committee next week.

The third-quarter Financial Status and Forecast Report, to be presented Dec. 10 to the Standing Policy Committee on Finance and Economic Development, marks the third of four annual updates provided by the public service. The report shows the General Revenue Fund — the city’s primary operating account — is running 1.2 per cent below its $1.419-billion expense budget. The outlook is about $300,000 better than the second-quarter forecast.

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