Federal Gas Tax Fund Supports Local Infrastructure in Oxford
November 10, 2014
Ottawa, ON- Dave MacKenzie, on behalf of the Honourable Denis Lebel, Minister of Infrastructure, Communities, and Intergovernmental Affairs and Minister of the Economic Development Agency of Canada for the Regions of Quebec, announced today that the second installment of the federal Gas Tax Fund for 2014 is being made available to support local infrastructure priorities. The regional government of Oxford County, along with local municipalities, will be receiving a total installment of $6 122 275 with the following allocations:
- Blandford-Blenheim – $213 083
- East Zorra – Tavistock – $197 939
- Ingersoll – $351 692
- Norwich – $310 431
- South-West Oxford – $218 440
- Tillsonburg – $443 047
- Woodstock – $1 093 183
- Zorra – $233 323
- Oxford County – $3 061 137.
- The federal Gas Tax Fund transfer has provided $14 billion to Canadian communities to date. Over the 10-year life of the New Building Canada Plan from 2014 to 2024, the Gas Tax Fund will provide close to $22 billion in funding for municipalities.
- Since 2006, our Government has made significant improvements to the Gas Tax Fund:
- in 2007 it was extended,
- in 2009 it was doubled from $1 billion to $2 billion annually,
- in 2011 it was legislated as a permanent source of funding, and,
- in 2013 it was indexed at 2 percent per year, meaning that it will grow by $1.8 billion over the next decade.
- Federal Gas Tax funding is provided up front, twice a year to the Government of Ontario, the Association of Municipalities of Ontario and Toronto administer the program in the province. Projects are chosen by local governments and support the local infrastructure priorities of each community.
- Thanks to new, expanded eligible investment categories, funding can now be spent in the following areas: drinking water; wastewater; solid waste; public transit; local roads and bridges; community energy systems; capacity building; disaster mitigation; broadband connectivity; highways; short-line rail; short-sea shipping; brownfield redevelopment; regional and local airports; and projects supporting culture, tourism, sport and recreation.
- The federal Gas Tax Fund is the largest component of the New Building Canada Plan, which provides $53 billion in funding to communities across the country over the next decade.
- By enshrining these commitments in legislation, provinces, territories, and municipalities are assured of an ongoing funding stream to address their municipal infrastructure needs and priorities.
- Federal GTF payments flow twice a year, generally in July and November, to provincial and territorial governments. Provinces and territories and, in some cases, municipal associations, in turn, distribute the municipal allocations in accordance with the terms and conditions set out in their respective funding agreements with municipalities. The actual timing of the second payment varies, depending on the administrative requirements in respective agreements with each province or territory.
“Through the federal Gas Tax Fund, our Government is providing stable, predictable funding so that Canadian communities can address their local infrastructure priorities. Our Government is pleased to invest in important infrastructure projects, as we focus on creating jobs, promoting growth, and building strong, prosperous communities across Canada.”
Dave MacKenzie, Member of Parliament for Oxford
To learn more about the federal Gas Tax Fund visit: http://www.infrastructure.gc.ca/plan/gtf-fte-eng.html
For additional information on the New Building Canada Plan, visit: http://www.infrastructure.gc.ca/plan/plan-eng.html
To learn more about the Government of Canada’s focus on jobs and the economy consult Canada’s Economic Action Plan: http://www.eap.gc.ca