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FIN-19-039 - Additional Federal Gas Tax Funding Allocation
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FIN-19-039 - Additional Federal Gas Tax Funding Allocation
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Last modified
5/3/2019 8:47:00 AM
Creation date
5/3/2019 8:46:58 AM
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Reports
Department Name
Financial Services
Date of Report
4/5/2019
Date of Meeting
5/13/2019
Document Relationships
FCS Agenda - 2019-05-13
(Message)
Path:
\Public Access Folders\Agendas\Standing Committees - 02-01-243\Fin & Corp Serv\2019
FCS Minutes - 2019-05-13
(Message)
Path:
\Public Access Folders\Minutes\Standing Committees - 02-01-241\Fin & Corp Serv (2001-Pres)\2019
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REPORT TO:Finance and Corporate Services Committee <br />DATE OF MEETING:May 13, 2019 <br />SUBMITTED BY:Ryan Hagey, Director of Financial Planning, 519-741-2200 x 7353 <br />PREPARED BY:Ryan Hagey, Director of Financial Planning, 519-741-2200 x 7353 <br />WARD (S) INVOLVED:All <br />DATE OF REPORT:April 5, 2019 <br />REPORT NO.:FIN-19-039 <br />SUBJECT:Additional Federal Gas Tax FundingAllocation <br />___________________________________________________________________________ <br />RECOMMENDATION: <br />That a total of $6,900,000.00 of the federal gas tax, as outlined inFinancial Services <br />Department report FIN-19-039, be allocated as follows: <br />A.$1,100,000 Woodside Park <br />B.$1,000,000Sportsfields Infrastructure <br />C.$300,000Vanier Park Splash Pad <br />D.$650,000Park Bridge Replacements <br />E.$1,000,000Roofing Replacement: The Aud <br />F.$1,000,000Roofing Replacement: Recreation & Culture Facilities <br />G.$975,00091 Moore Sustainable Building Improvements <br />H.$225,000Building Automation Systems Replacement/ Upgrades <br />I.$650,000HVAC Replacement: Breithaupt Centre <br />BACKGROUND: <br />On March 19, 2019 the Government of Canada tabled its 2019 Federal Budget and announced <br />that it would be providing an additional $2.2 billion to Canadian municipalities ($820 million for <br />Ontario) to address short-term priority infrastructure needs through a one-time allocation of <br />Federal Gas Tax Funding. These details were confirmed in a letter from the Minister of <br />Infrastructure and Communities dated March 27, 2019. <br />ded in <br />the Canada-Ontario Integrated Bilateral Agreement(COIBA). Based on the information from the <br />letter, The funding available under Federal <br />Gas Tax and COIBA are summarized in the table below. <br />4 - 1 <br />
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