Safe Restart Agreement to Provide Funding to Municipalities

The Government of Canada announced Thursday that it is moving forward with the Safe Restart Agreement, a $19 billion plan to help provinces and territories to recover from the effects of COVID-19 pandemic over the next six to eight months.

Under the Agreement, up to $2 billion in federal funding will be matched by the provincial and territorial governments to support front-line workers and critical municipal services.

Funding announcements under the Agreement have already started to flow. Under this heading, the Government of Ontario announced in partnership with the federal government Monday that one-time funding of $4 billion would flow to the province’s 444 municipalities to deliver critical services. Up to $2 billion will flow to Ontario’s public transit system.

More information on the Safe Restart Agreement is expected to be released in the coming days and weeks. Stay tuned by subscribing to Fundnews.

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