Guelph, Waterloo Region get share of provincial gas tax funding | 24CA News
The City of Guelph is receiving near $3.18 million in fuel tax funding from the Ontario authorities.
The annual spherical of funding was introduced by the province on Thursday, and is supposed to cowl bills to function and enhance transit.
This 12 months’s quantity is lower than in 2022 when the Royal City obtained $3.25 million in fuel tax funding.
Waterloo Region obtained round $11.9 million from the federal government.
A complete of 107 Ontario municipalities are receiving fuel tax funding.
The funding for this system is decided by the quantity of litres of fuel offered the earlier 12 months and municipalities that assist public transit companies of their neighborhood obtain two cents per litre of provincial fuel tax income collected.
It can be utilized to increase service hours, purchase transit autos, add routes, enhance accessibility or improve infrastructure.
To make up for diminished fuel gross sales stemming from the COVID-19 pandemic, this 12 months’s program consists of one-time extra funding of $80 million to assist guarantee municipalities can proceed to assist their transit techniques.
