July 2020
2020-07-28 5:03:03 PM
On July 27 2020, the Province announced $4 billion in funding for Ontario municipalities through the Safe Restart Agreement which contributes federal and provincial funds to offset municipal operational costs ( $777 million federal + $1.22 billion provincial = $ 2 billion) and to support municipal transit systems ($2 billion costs to be shared equally by the federal and provincial governments) the revenues for which have been hit as a result of the COVID-19 Pandemic.
This funding is welcome news for the sector which has been on the front lines of the pandemic and has seen significant decreases in revenue while at the same time has had to pivot to alternative service delivery.
Further details about allotment and distribution are expected in the coming weeks.
AMO Letter to Premier
Ontario News Release
Joint Communique- Safe Restart Agreement