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Gas tax money benefitting infrastructure in Caledon
August 27, 2014 · 0 Comments
Caledon is benefitting to the tune of more than $1.7 million from the first installment of the year from the federal Gas Tax Fund.
Dufferin-Caledon MP Davis Tilson made the announcement recently, on behalf the government.
The money is being allocated to support local infrastructure priorities, and $1,721.689 is being made available to the Town of Caledon.
“Through the federal Gas Tax Fund, our government is providing stable, predictable funding so that Canadian communities can address their local infrastructure priorities,” Tilson said. “Our government is proud to invest in important infrastructure projects as we focus on creating jobs, promoting growth, and building strong, prosperous communities across Canada.”
Starting this year, the renewed federal Gas Tax Fund is being indexed at two per cent per year, which means that it will grow by $1.8 billion over the next decade. In addition, the number of eligible investment categories has doubled, allowing communities to apply their gas tax funding to a wider variety of projects to meet their particular infrastructure priorities.
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