50-40-10 Funding Split?

If the District of Coldstream's requested infrastructure funding split of 50 Federal, 40 Provincial and 10 Municipal actually sees the light of day, it certainly won't be called a P3 given the ratios.

Seems everybody has to chip in a higher amount, including residents (3.5 per cent 2016 tax increase).

But the District of Coldstream is balking at having to pay 1/3 of any typical P3 project.

They don't see a need to actually reduce their budget to reflect increased construction costs and tough economic times.

While some of the listed projects point back to Mr. Harper's reign, presumably Mr. Trudeau's infrastructure renewal plan is being rolled out.

About halfway down this page are projects that are likely to receive grant funding.

Narrowing their chances of any successful Coldstream grant applications is the District of Coldstream's desire to only pay 10 per cent, after suggesting the Feds pay 50 per cent, and the provincial government 40 per cent.

With more bravado than brains, the District of Coldstream last night considered:

"Build Canada Grant Funding

Recommendation

THAT the following motion be forwarded to the Federation of Canadian Municipalities and the Union of British Columbia Municipalities with copies to Mel Arnold, MP for the North Okanagan-Shuswap, and Eric Foster, MLA for Vernon Monashee:

WHEREAS the Federal Government's Build Canada grant program generally shares the costs of all approved infrastructure projects equally between the province and the local jurisdiction at one third each;

AND WHEREAS for nationally and provincially significant projects, where projects provide a greater national and provincial benefit, and where communities are disproportionately and directly impacted by such projects, the burden of one-third of the cost is inequitable and too high for the local jurisdiction;

THEREFORE BE IT RESOLVED that the Federal Government's Build Canada grant program, National Infrastructure Component, be amended to fund a minimum of 50% of the project cost;

AND BE IT FURTHER RESOLVED that the provincial funding contribution for significant projects be a minimum of 40% of the project cost." 

 

Yes, depository is mispelled...but that's not the issue.

"Considering the area voted to remain a Conservative riding," says Kia, "it's probably unwise to demand P3 changes to the Province or Feds."

Brain?

Nope...slip bravado through slot in door, though they'd probably both fit.