Ontario's Fall Economic Statement Provides Much Needed Funding for Municipal Infrastructure and Transit



    TORONTO, Dec. 13 /CNW/ - Finance Minister Dwight Duncan tabled the
government's forecast today in the legislature, promising additional funding
for municipal infrastructure including transit and local roads and bridges.
    "Additional provincial investment in municipal infrastructure is an
investment in Ontario's future prosperity," said Doug Reycraft, President of
the Association of Municipalities of Ontario. "Municipal infrastructure is a
foundation of the provincial economy; securing that foundation must be a
priority for all governments - municipal, provincial and federal."
    The Minister's statement included new commitments that directly benefit
municipalities including an additional investment of $300 million in municipal
infrastructure funding to support priorities such as local roads, bridges,
water systems and community infrastructure, $500 million for transit projects
and to assist municipal transit systems across Ontario, and an additional
investment of $100 million for transit in the Greater Toronto Area.
    "Today's announcement builds on the government's decision to upload the
costs of disability and drug benefits that will save municipalities
$935 million a year by 2011," said Reycraft.
    The Statement also included a number of tax measures to assist
manufacturing and resource industries.
    "The Government's actions to assist manufacturing and resource industries
will help protect jobs in communities across Ontario," added Reycraft.
"Northern and resource economies dependent on exports have been hard it by
recent economic developments."

    AMO is a non-profit organization representing almost all of Ontario's 445
municipal governments. AMO supports strong and effective municipal government
in Ontario and promotes the value of municipal government as a vital and
essential component of Ontario and Canada's political system.





For further information:

For further information: Pat Vanini, AMO Executive Director, (416)
971-9856, ext. 316 or (416) 729-4394; Brian Lambie, AMO Media Contact, (416)
729-5425


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