FORT McMURRAY, AB – The Wildrose’s popular 10/10 MSI Plan will provide predictable, sustainable, direct funding for Alberta’s cities, towns and municipal districts, while it allocates new funding for important regional projects, the Wildrose said Sunday.
The 10/10 MSI Plan would guarantee 10 per cent of provincial tax revenue and 10 per cent of budget surpluses go to supporting Alberta’s towns, cities, and municipal districts. Because it is based on a fixed portion of relatively stable tax revenues, it is not subject to oil prices or the broken promises of PC politicians. As the table in the attached backgrounder makes clear, it sits at $2 billion in 2015 and rises gradually over the next 5 years independently of surpluses.
“From Fort McMurray to Calgary to Medicine Hat, our cities are vibrant and growing, but without increased, predictable, and sustainable funding they will not achieve their potential,” Jean said. “Our 10/10 MSI Plan empowers Alberta cities and towns both to meet their unique, local challenges and invest in their future.”
The Municipal Sustainability Initiative (MSI) allotment will streamlined and increased, starting with the $1.6 billion that the PC party promised in the 2012 election.
“Unlike the PC plan to fund municipalities, which is a half-billion broken promise, and the NDP, who have only said they would match the PC broken promise, this is another clear example of how Wildrose is standing up for Albertans,” Jean said.
After getting feedback from stakeholders across the province, the Wildrose 10/10 MSI plan will also include a doubled water and wastewater grant of $110 million to make up for chronic PC underfunding of this critical infrastructure.
The remainder will go into a Regional Infrastructure Fund, which also receives 15 per cent of all government surpluses under the Wildrose savings plan. This fund will be used for projects of regional importance that support our municipalities, like transit or major facilities.
“This regional infrastructure fund could be used for major urban infrastructure projects that improve the quality of life for Albertans not just in our big cities but in the surrounding communities and across Alberta, from LRT to major public institutions,” Jean said. “As it grows, especially when we get back to surpluses, I think it will be exciting to consider the kinds of projects that can leave a legacy from the resource wealth that has fuelled our prosperity.”