Mississauga Allocated $46 million from Province of Ontario Economic Response – COVID-19

The Province of Ontario announced Phase 1 of funding as part of the Safe Restart Agreement between the Federal government and the Provinces and Territories.Mississauga Allocations for Phase 1 $46.083M

  • Mississauga – Phase 1 Funding – $14.997M to help municipalities respond to local priorities
  • Mississauga – Phase 1 Transit Funding – $31.086M to keep the transit system running

This funding will help Mississauga address the approximately $60 million deficit we face in 2020. The City of Mississauga is receiving a total $46.083 million in Fall 2020 as part of the Ontario Economic Response in the first round of funding through the Safe Restart Agreement. The government is providing the City of Mississauga over $14 million to help respond to local priorities and $31 million in the first phase of transit funding.  The transit funding will be provided through a base amount and an additional allocation based on transit ridership. The funding can be used to provide immediate relief from transit pressures, such as lower ridership, as well as for new costs due to COVID-19, such as enhanced cleaning and masks for staff. In the second phase, additional allocations will be provided based on expenses incurred to ensure the funding meets the needs of municipalities. In Fall 2020, Ontario’s 444 municipalities will receive $695 million in Phase 1 funding to help address municipal operating pressures related to the COVID-19 pandemic. This funding will be allocated on a per household basis and would be shared 50/50 between upper- and lower-tier municipalities. Up to $695 million in additional funding will be available through Phase 2 to eligible municipalities after municipalities have provided the province with information on their estimated COVID-19 related financial pressures.

Permanent link to this article: http://www.georgecarlson.ca/mississauga-allocated-46-million-from-province-of-ontario-economic-response-covid-19/