Finance Minister Jim Flaherty introduced the 2014 federal budget in Ottawa on February 11, 2014. The full text of Budget 2014 is available in PDF form by clicking here. You can also find background information by clicking here.
From the AAMDC perspective, a few aspects of the budget are noteworthy. Most importantly, Budget 2014 did not include a detailed description of the new Building Canada Fund. While releasing the details of how municipalities can apply for funding and project eligibility is becoming increasingly important as the 2014 construction season nears, the FCM is continuing to work closely with the federal government in finalizing the plan details and an announcement is expected in the very near future. The AAMDC will inform members of BCF details as they become available.
The Government is also providing increased support to help municipalities pursue long-term planning, including asset management plans, through the Gas Tax Fund.”
The AAMDC welcomes the federal government’s commitment to invest $305 million over five years to improve high speed broadband service to rural communities.
The AAMDC is also supportive of the federal government’s commitment of $200 million over five years (beginning in 2015-16) to work with municipalities to develop a National Disaster Mitigation Program, which will streamline collaboration among various levels of government in the event of natural or human-made disasters.
The AAMDC is intrigued by the federal government’s commitment to investigate a national approach to residential flood insurance, particularly in light of the severe flooding in southern Alberta in 2013.
The AAMDC hopes that this commitment to investigate will be followed up with a concrete plan to better protect residential property owners. To view the FCM’s detailed analysis of the budget impact for municipalities, please click here.
Enquiries may be directed to: