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Thread: Mayor Secures Long-Term City Funding Deal with Province

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    Default Mayor Secures Long-Term City Funding Deal with Province

    Mayor Secures Long-Term City Funding Deal with Province


    November 29, 2018

    Mayor Iveson had the following statement to make with respect to today’s Government of Alberta announcement regarding a new funding deal for Edmonton:

    “This is a historic day for how the Province and the City work together to build Alberta. It makes Edmonton a real partner and beneficiary in growing employment, increasing productivity and building the kind of infrastructure to drive growth for Alberta. When the Province prospers, the City will get its share - and vice versa.

    “Today’s funding arrangement reflects the difficult fiscal position of the Province, and throughout the negotiations, we have worked hard to balance the interests of provincial and municipal taxpayers. It’s a realistic and fair funding deal for Alberta today - and into the future.

    “Today’s announcement also includes an equitable, long-term commitment to transit funding for Edmonton and Calgary. This will allow Edmonton City Council to begin to fully build out our LRT network beyond current commitments to the Valley Line and Blatchford extensions.

    “There is also a new program to help support regional infrastructure projects which will drive more collaboration between Edmonton Metro municipalities. Commitments like this will further cement our region’s place as an economic driver for our province and our country.

    “Securing a new funding deal with the Province was one part of my 5 point budget plan so I am very pleased we were able to secure this deal on the first day of our budget deliberations. This certainty will allow us to plan not just the fourth year of our infrastructure budget, but well into the future. Our focus remains on building a great city that provides a high quality of life for Edmontonians and drives prosperity for our entire region.”

    Quick facts about the deal for Edmonton:

    • Estimated $211 million in baseline infrastructure funding starting in 2022; this figure will rise in future years as the province’s economy grows
    • $200 million annually in ongoing transit funding starting in 2027
    • Access to one third of a new annual $50 million regional program for joint infrastructure projects, starting in 2022

    “You have to dream big. If we want to be a little city, we dream small. If we want to be a big city, we dream big, and this is a big idea.” - Mayor Stephen Mandel, 02/22/2012

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    “You have to dream big. If we want to be a little city, we dream small. If we want to be a big city, we dream big, and this is a big idea.” - Mayor Stephen Mandel, 02/22/2012

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    This is good news for the city.
    "Talk minus action equals zero." - Joe Keithley, D. O. A.

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