Ont. municipalities to receive up to $4 billion from province, feds to offset costs of COVID-19
The Ontario government says municipalities will receive up to $4 billion in funding to help cover the costs incurred due to the COVID-19 pandemic, with up to half earmarked for public transit.
Premier Doug Ford says money, provided in partnership with the federal government, will be doled out in the coming months.
He did not give details on how it would be allocated to Ontario's 444 municipalities, saying those details will be released in the next few weeks.
The province says it is contributing $1.22 billion, with Ottawa providing $777 million.
It says up to $2 billion in transit funding will be split equally between the provincial and federal governments.
Municipalities across Ontario have warned they would face significant budget shortfalls without financial assistance as a result of the pandemic, which would force them to cut services.