Municipal leaders will be waiting with baited breath on provincial budget day to find out how much money will be dedicated to funding capital projects in their communities. Right now municipal governments across Alberta receive billions of dollars through a provincial grant program called the Municipal Adting Initiative MSI. The program was created in and was set to last for 10 years but has been extended past the original deadline.
MSI funding has always been a double-edged sword in municipal budgeting. On the one hand, municipalities rely heavily on the grant money for capital projects.
But on the other hand, they don't know how much money to expect. Diane McMordie, director of financial services for the city of St. Albert, said that around 51 per cent of capital funding for projects in the city comes from MSI.
McMordie said that if the province were to eliminate the MSI program and the funding altogether, the city Rachel St. Albert dating be hard pressed Canada girls item number fund repairs to existing assets in the city, let alone be able to fund new projects in the city. The timing of the MSI announcements is also a challenge, because it is out of step with municipal budgets which are usually set at the end of the calendar year.
MSI is announced in the spring with the provincial budget. This means that when municipalities are putting together their budgets they are guessing how much money they will get from the province three months later.
Albdrt Rachel St. Albert dating said that they have some confidence that the amount of funding will not fluctuate too wildly but if they hear rumblings that there will be reductions from the province they will estimate their numbers conservatively.
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