Posted On: Monday, February 10, 2020
Grants are linked to core infrastructure (roads, bridges, water and wastewater) owned by municipalities and to their economic conditions.
The grant is designed to be responsive to local needs and economic conditions. In order to ensure that municipalities with more core infrastructure and more challenging economic conditions receive proportionally larger grants, the amount of funding per $100,000 of total core infrastructure is calculated using an “infrastructure index”.
A municipality’s core infrastructure is valued at cost as reported in its Financial Information Return (Schedule 51: Schedule of Tangible Capital Assets). The allocation notice will include a detailed list of categories included in the calculation of ‘core infrastructure’. The best of 2015 or 2016 FIR data is used for the calculation of the 2020 grants– whichever yields a higher value for the municipality. For the 2017, 2018 and 2019 grants, the best of the 2014 and 2015 FIR data is used.
The infrastructure index compares a municipality’s core infrastructure to its weighted property assessment and median household income.
The infrastructure index is composed of 2 indicators:
The 2 indicators are placed on comparable scales and then averaged to calculate a municipality’s infrastructure index.
Adjustments are made to core infrastructure values to make multi-tier municipalities comparable to single tier municipalities when calculating the infrastructure index.
The exact amount of formula-based funding for every $100,000 of core infrastructure owned by the municipality depends on the municipality’s infrastructure index and how it relates to the median infrastructure index of all eligible municipalities.
Municipalities with an infrastructure index at the median will receive the median amount of funding per $100,000 of core infrastructure funding noted in Table 1 below.
For every 10% that a municipality’s infrastructure index is below the median value, it will receive less funding per $100,000 of core infrastructure, down to a minimum noted in Table 1 below.
For every 10% that a municipality’s infrastructure index is above the median, it will receive more funding per $100,000 of core infrastructure, up to a maximum amount noted in Table 1 below.
For every $100,000 of core infrastructure owned by a municipality, it will receive the amount of funding determined by its infrastructure index (see step 3 above). The total core infrastructure owned by the municipality (unadjusted) is used in step 4.
For example, in 2018, if a municipality’s infrastructure index is equal to the median, it will receive $254 per $100,000 in core infrastructure. Therefore if a municipality’s core infrastructure is equal to $210,000,000, the grant amount would be 2,100 x $254 = $533,400.
A municipality will receive the calculated amount in step 4 or $50,000 – whichever is greater.
Total investments in communities across Bruce-Grey-Owen Sound are:
Township of Chatsworth: $125,064
Municipality of Northern Bruce Peninsula: $181,355
Town of South Bruce Peninsula: $204,075
Township of Georgian Bluffs: $224,363
Town of Hanover: $233,348
Township of Southgate: $236,674
Municipality of Arran-Elderslie: $330,386
Municipality of Grey Highlands: $436,207
Municipality of West Grey: $448,807
Municipality of Meaford: $458,173
City of Owen Sound: $1,125,294
County of Grey: $1,279,946
County of Bruce: $660,950