Hamilton could be in line to collect $36 million in new federal transit funding, say city finance officials.

News Mar 27, 2016 by Kevin Werner Stoney Creek News

Hamilton could be in line to collect $36 million in new federal transit funding, say city finance officials.

Mike Zegarac, corporate services general manager, said with the federal budget providing Ontario about $1.5 billion in transit infrastructure funding, Hamilton would be eligible under the criteria of its 2.44 per cent ridership to get about $36 million to expand its bus service.

The Liberals are providing about $11.9 billion over 10 years on infrastructure projects, as released in their 2016 budget. Public transit will get $3.4 billion, water and wastewater $2.2 billion, affordable housing $1.4 billion, $518 million in climate change funding, and $342 in cultural and recreation.

“It’s everything that we could have asked for,” said Mayor Fred Eisenberger.

Eisenberger was one of a number of mayors who met with Prime Minister Justin Trudeau and other ministers recently in Ottawa to urge the Liberals to start helping municipalities.

“This (budget) is based on reality,” said Eisenberger. “This will have a return on investment. I’m very pleased.”

Ward 2 councillor Jason Farr, who was hopeful Hamilton’s low ridership numbers doesn’t prevent the city from receiving its fair share of funding, said it was time the federal government helped cities.

“It’s a refreshing change,” he said. “It’s encouraging for our city.”

Added Mountain councillor Terry Whitehead: “It reflects the importance of municipalities across the country.”

Zegarac said a change from the previous Conservative government is that any infrastructure money will flow through the province directly to municipalities. It will mean, he says the federal government will fund municipal-identified projects. Under the Conservatives, the federal government identified projects from a list municipalities provided to the federal government regardless of priority.

Zegarac said finance staff is still waiting for further information from the Liberals what the criteria is and how the infrastructure projects will be funded.

City staff said Hamilton could also qualify for green infrastructure funding that involves reducing climate change and improve water projects; new affordable housing projects, but staff still needs details on how those projects will be funded.

Finance staff said Hamiltonians will also benefit from the Canada Child Benefit, a new monthly tax-free payment that begins July 1 and will replace the Universal Child Care Benefit, National Child Benefit and Canada Child Tax Benefit. Families will receive up to $6,400 a year per child under six, and $5.400 for children aged six t0 18; increase in student grants by 50 per cent to $3,000 for low-income and $1,200 for middle-income students.

With all this spending, the Liberals will allow the deficit to grow to $29.4 billion in 2016-17. Over five years the Liberals intend on adding $113 billion to the national debt.

Hamilton ready to hop on federal transit infrastructure funding

News Mar 27, 2016 by Kevin Werner Stoney Creek News

Hamilton could be in line to collect $36 million in new federal transit funding, say city finance officials.

Mike Zegarac, corporate services general manager, said with the federal budget providing Ontario about $1.5 billion in transit infrastructure funding, Hamilton would be eligible under the criteria of its 2.44 per cent ridership to get about $36 million to expand its bus service.

The Liberals are providing about $11.9 billion over 10 years on infrastructure projects, as released in their 2016 budget. Public transit will get $3.4 billion, water and wastewater $2.2 billion, affordable housing $1.4 billion, $518 million in climate change funding, and $342 in cultural and recreation.

“It’s everything that we could have asked for,” said Mayor Fred Eisenberger.

Eisenberger was one of a number of mayors who met with Prime Minister Justin Trudeau and other ministers recently in Ottawa to urge the Liberals to start helping municipalities.

“This (budget) is based on reality,” said Eisenberger. “This will have a return on investment. I’m very pleased.”

Ward 2 councillor Jason Farr, who was hopeful Hamilton’s low ridership numbers doesn’t prevent the city from receiving its fair share of funding, said it was time the federal government helped cities.

“It’s a refreshing change,” he said. “It’s encouraging for our city.”

Added Mountain councillor Terry Whitehead: “It reflects the importance of municipalities across the country.”

Zegarac said a change from the previous Conservative government is that any infrastructure money will flow through the province directly to municipalities. It will mean, he says the federal government will fund municipal-identified projects. Under the Conservatives, the federal government identified projects from a list municipalities provided to the federal government regardless of priority.

Zegarac said finance staff is still waiting for further information from the Liberals what the criteria is and how the infrastructure projects will be funded.

City staff said Hamilton could also qualify for green infrastructure funding that involves reducing climate change and improve water projects; new affordable housing projects, but staff still needs details on how those projects will be funded.

Finance staff said Hamiltonians will also benefit from the Canada Child Benefit, a new monthly tax-free payment that begins July 1 and will replace the Universal Child Care Benefit, National Child Benefit and Canada Child Tax Benefit. Families will receive up to $6,400 a year per child under six, and $5.400 for children aged six t0 18; increase in student grants by 50 per cent to $3,000 for low-income and $1,200 for middle-income students.

With all this spending, the Liberals will allow the deficit to grow to $29.4 billion in 2016-17. Over five years the Liberals intend on adding $113 billion to the national debt.

Hamilton ready to hop on federal transit infrastructure funding

News Mar 27, 2016 by Kevin Werner Stoney Creek News

Hamilton could be in line to collect $36 million in new federal transit funding, say city finance officials.

Mike Zegarac, corporate services general manager, said with the federal budget providing Ontario about $1.5 billion in transit infrastructure funding, Hamilton would be eligible under the criteria of its 2.44 per cent ridership to get about $36 million to expand its bus service.

The Liberals are providing about $11.9 billion over 10 years on infrastructure projects, as released in their 2016 budget. Public transit will get $3.4 billion, water and wastewater $2.2 billion, affordable housing $1.4 billion, $518 million in climate change funding, and $342 in cultural and recreation.

“It’s everything that we could have asked for,” said Mayor Fred Eisenberger.

Eisenberger was one of a number of mayors who met with Prime Minister Justin Trudeau and other ministers recently in Ottawa to urge the Liberals to start helping municipalities.

“This (budget) is based on reality,” said Eisenberger. “This will have a return on investment. I’m very pleased.”

Ward 2 councillor Jason Farr, who was hopeful Hamilton’s low ridership numbers doesn’t prevent the city from receiving its fair share of funding, said it was time the federal government helped cities.

“It’s a refreshing change,” he said. “It’s encouraging for our city.”

Added Mountain councillor Terry Whitehead: “It reflects the importance of municipalities across the country.”

Zegarac said a change from the previous Conservative government is that any infrastructure money will flow through the province directly to municipalities. It will mean, he says the federal government will fund municipal-identified projects. Under the Conservatives, the federal government identified projects from a list municipalities provided to the federal government regardless of priority.

Zegarac said finance staff is still waiting for further information from the Liberals what the criteria is and how the infrastructure projects will be funded.

City staff said Hamilton could also qualify for green infrastructure funding that involves reducing climate change and improve water projects; new affordable housing projects, but staff still needs details on how those projects will be funded.

Finance staff said Hamiltonians will also benefit from the Canada Child Benefit, a new monthly tax-free payment that begins July 1 and will replace the Universal Child Care Benefit, National Child Benefit and Canada Child Tax Benefit. Families will receive up to $6,400 a year per child under six, and $5.400 for children aged six t0 18; increase in student grants by 50 per cent to $3,000 for low-income and $1,200 for middle-income students.

With all this spending, the Liberals will allow the deficit to grow to $29.4 billion in 2016-17. Over five years the Liberals intend on adding $113 billion to the national debt.