Canada’s Gas Tax Fund Helping Vaughan Grow: Second installment of annual $2-billion transfer available for municipal infrastructure Vaughan, Ontario, November 25, 2013 – The Hon. Julian Fantino, Minister of Veterans Affairs Canada and Member of Parliament for Vaughan, on behalf of the Honourable Denis Lebel, Minister of Infrastructure, Communities and Intergovernmental Affairs and Minister for the Economic Development Agency of Canada for the Regions of Quebec, today announced that the second installment of Canada’s Gas Tax Fund for 2013 is being made available to the City of Vaughan. This installment makes available a total of $7.3 million to Vaughan this year to support its local infrastructure priorities. Our Government is proud to invest in important infrastructure projects, like Vaughan’s newest Fire Station #7-10 made possible by an investment of $415,000 from the federal Gas Tax Fund. Our priority is to continue to focus on creating jobs, promoting growth, and building strong, prosperous communities across Canada, said Minister Fantino. We are proud to support economic growth across Vaughan by supporting local infrastructure priorities through the federal Gas Tax Fund. In Ontario, this has meant access to close to $4.7 billion to date for community projects. Funding can currently be spent in the following areas: • Drinking water • Wastewater infrastructure • Public transit • Community energy systems • Solid waste management • Local roads Canada’s Gas Tax Fund provides long-term funding to help municipalities build and revitalize their local infrastructure. Funding is provided up front, twice a year and the Government of Ontario, the Association of Municipalities of Ontario (AMO) and the City of Toronto administer the program across the province. Projects are chosen by local governments and support the local infrastructure priorities of each community. The Government of Canada has made the $2 billion a year in funding under the Gas Tax Fund permanent. As announced in Economic Action Plan 2013, the program is now indexed at 2 per cent per year, with increases to be applied in $100 million increments, starting in 2014. From 2014-2015 to 2023-24, this represents $21.8 billion in flexible, long-term funding for municipal infrastructure.
Posted on: Mon, 25 Nov 2013 15:10:06 +0000
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