Perth rolls with funding cuts and reversals
As the Provincial and Federal governments continue to shuffle funding programs, municipalities are left to adjust their plans for the year. On Tuesday May 28, Perth council amended the 2019 Capital Projects budget and moved funds between projects after receiving notice of funding changes introduced after the town had finalized its budget.
“The Ontario Community Infrastructure Fund (OCIF) has been decreased and the Gas Tax Funding has been increased and as a result amendments are required to the 2019 Capital Project Budget to reflect the different Categories of eligible expenditure,” wrote town Treasurer Brian Burns in a report to council.
The province has cancelled the 2018 OCIF top up intake that the town had applied for to the tune of $1.6 million, so the Water Plant upgrades that had been planned for 2019 will not happen this year.
Most of the other planned capital projects will continue and a few such as Terrace on the Tay and the Garden Avenue project will get a bit of a top up in the shuffle.
The town has received notice that it is eligible to receive $263,000 from OCIF for municipal infrastructure projects, which along with the increase in the Gas Tax, will support help support a number of project this year and put some funds into reserves.
“Right now putting money back in the bank is my favourite hobby, in light of all the proposed funding cuts,” said Burns.
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