RED DEER – This year’s Federal Government budget is the first in two years and the city is waiting for more detail on how much funding they will get in 2021.
So far, however, the city said it expects to receive approximately $6 million in one-time funding for local infrastructure through the Canada Community-Building Fund, formerly known as the Gas Tax Fund.
“This is welcome news for Red Deer,” said Mayor Tara Veer. “However, we still need to analyze the budget and explore further funding opportunities we hope to leverage for our community.”
Canada Community-Building funding can be used for infrastructure upgrades such as road rehabilitation, transit, and sport and recreation.
“Municipalities are the most nimble order of government working to provide stability to business, residents, and communities,” said Allan Seabrooke, city manager. “The federal budget impacts us at a local level, setting the tone for future focus and determining what level of funding will be funneled to municipalities in response to local needs.”
The federal government also noted investments in economic growth across the country in a variety of sectors. In particular, $2.5 billion to build and repair 35,000 housing units for vulnerable Canadians, $1 billion of support towards the tourism sector for festivals and cultural events, additional supports for seniors and senior care, supports for our Indigenous community and a new Canada Recovery Hiring Program.
“The city will continue to watch for more details as they are announced to identify opportunities to leverage opportunities for our citizens, in particular, COVID-19 recovery for residents and business owners, affordable housing, transit, and other key programs for our community,” said Mayor Veer.
“We will also watch for areas of potential challenge for our citizens, which may necessitate advocacy to the federal government.”