On August 12th, the City of Ottawa received some good news from the Province of Ontario.
The Ontario’s Minister of Transportation, Caroline Mulroney, informed Mayor Watson that the City would be receiving $75 million in Phase 1 of the Transit Safe Restart Funding, which is mostly based on ridership.
Also, Steve Clark, Ontario’s Minister of Municipal Affairs and Housing, informed the Mayor that the City of Ottawa will receive $49 million to support its COVID-19 operating costs and pressures. This Phase 1 funding is being allocated on a per household basis.
These two amounts, totaling $124 million, represent a very significant down payment on the City of Ottawa’s 2020 projected fiscal shortfall of $192 million, caused by the COVID-19 pandemic.
The Province has laid out a process for accessing additional funding for the remainder of the City’s 2020 COVID-19 fiscal shortfall.
