There was much anticipation before the federal budget was unlocked yesterday. Many of us were particularly interested in how much money would go towards transit investments in our region and whether the 33.3% x 3 percentage split for transportation infrastructure amongst federal, provincial, and municipal governments would be adjusted.
At first I was underwhelmed by the initial commitment of $370M for transit projects in Metro Vancouver. It doesn’t seem like much for the next 3 years. I have been assured by those in the know it’s a great start for the planning and design of projects in The Mayors’ Plan (pedestrian and bicycle improvements, subway and LRT, for instance) with more funding to come after that. That depends on re-election, of course.
The federal government also announced it will cover up to 50% of transit project construction costs. It seems to me, assuming the provincial portion remains at 33% and the max of 50% doesn’t depend on the provincial portion changing*, 100%-50-33=17% for municipalities – a long overdue improvement in the funding structure.
My federal budget scoop on Monday about The Mayors’ Plan, directing our regional requests for federal funds, continues to be good scoop. The Mayors’ Council put out a PDF statement on the federal budget yesterday. The federal Infrastructure and Communities Minister Sohi meets our Mayors’ Council tomorrow. My source tells me we will get more details after that meeting. Stay tuned.
*The BC provincial election is May 9, 2017: contact BC political parties now urging them to put sustainable transportation in their platforms.