Federal Budget: Gas Tax Fund Doubled for a Year

Source: 

UBCM

Wed, 03/20/2019
Finance Minister Bill Morneau tabled the 2019 budget in the House of Commons yesterday. Local governments in British Columbia will see an immediate benefit from a top up transfer of $2.2 billion to the Federal Gas Tax Fund for the coming year. This one-time transfer will provide an estimated $280 million in additional funding to local governments in B.C. The follwoing highlights will be of interest to local government working on reducing emissions and on disaster management:

Energy Efficiency Financing

$1.01 billion to increase energy efficiency in residential, commercial and multi-unit buildings. The Federation of Canadian Municipalities (FCM) will deliver these investments through the Green Municipal Fund. These funds will be delivered through three financing streams as follows:

  • Collaboration on Community Climate Action ($350 million) to provide municipalities and non-profit community organizations with financing and grants to retrofit and improve the energy efficiency of large community buildings as well as community pilot and demonstration projects.  
  • Community EcoEfficiency Acceleration ($300 million) to provide financing for municipal initiatives to support home energy efficiency retrofits.
  • Sustainable Affordable Housing Innovation ($300 million) to provide financing and support to affordable housing developments to improve energy efficiency in new and existing housing and support on-site energy generation.

Asset Management

$60 million in 2018–19 to FCM’s Municipal Asset Management Capacity Fund.

Disaster Management and Response

$151.23 million over five years, starting in 2019–20, and $9.28 million per year ongoing, to improve emergency management in Canada, including in Indigenous communities.

Zero Emissions Vehicle Charging & Refueling

Expand the network of zero-emission vehicle charging and refueling stations   with $130 million over five years, starting in 2019–20,
You can find the full federal Budget package on the Government of Canada’s dedicated website.