- Good news: the federal government is committing to new, long-term, predictable, and stable infrastructure funding for municipalities.
- Revenues for municipalities from the Gas Tax Fund are to be indexed to inflation ensuring predictable and stable funding.
- Smaller communities with populations less than 100,000 like Kindersley will now have access to a dedicated Small Communities Fund of $1 billion.
- The new Building Canada Fund is for ten years.
- Currently municipalities own and operate approximately 66% of the infrastructure across Canada.
- The infrastructure deficit across Canada is been calculated to be approximately $172 billion.
- I am concerned municipalities are being tasked to carry more infrastructure costs despite having less revenue streams than other levels of government.
- There is still too much uncertainty regarding the Federal Government's P3 process for small communities like Kindersley.
- The Federal Government needs to provide more details regarding the allocation and distribution of funds for infrastructure.
- The Federal Government is only allocating $210 million for infrastructure this year. This is significant underfunding of our and other municipalities needs.
Monday, 17 February 2014
Some Federal Budget Items
Here are some points regarding the Federal Budget and how it may effect Kindersley and other municipalities.
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