Thames centre receives $405, 287.00 in gas tax transfers
May 21, 2009



Today in at the Municipality of Thames Centre, Joe Preston, Member of Parliament for Elgin- Middlesex- London announced that the Municipality of Thames Centre would be receiving an annual Gas Tax Allocated of $405, 287.00.

On April 1st, 2009, the federal Gas Tax Transfer to the provinces and territories to support better municipal infrastructure doubled to $2 billion annually. The Gas Tax Fund (GTF) will remain at that level beyond 2014, when the Government makes it a permanent measure, providing Ontario municipalities with stable and predictable funding for their long-term infrastructure priorities.  Accelerating the first payment of the Gas Tax Fund by almost three months, the federal government is making up to $1 billion available to municipalities almost three months early.

The Gas Tax Fund is part of an ongoing commitment from the Government of Canada to create jobs and stimulate the economy through modern public infrastructure. It is also an example of all levels of government working together to improve infrastructure and the quality of life of Canadians.

The GTF makes capital investments in water, wastewater and solid waste infrastructure, public transit, community energy systems, and local roads and bridges. The Fund combines predictable, long-term funding with local decision making and planning to enable municipalities to build and rehabilitate their core public infrastructure.