REGINA – The federal government has transferred more than $33 million to the Province of Saskatchewan under the Canada Community-Building Fund (CCBF) for the first payment of the 2024-2025 fiscal year.
The funding is the first of two payments to Saskatchewan for this fiscal year, a Housing, Infrastructure and Communities Canada release said, with the next payment expected to be made prior to the end of the fiscal year.
The funding is the first transfer through the recently renewed CCBF agreement with the province, which runs from 2024-2034. Under the agreement Saskatchewan will receive more than $350 million over the next five years, including $66 million this fiscal year, the release said.
“The completion of the initial transfer of the Canada Community-Building Fund is significant for all of us who call Saskatchewan home. We look forward to working with municipalities that choose to participate and sign into a Municipal Funding Agreement. The funding will help these participating municipalities build and protect critical infrastructure supporting recreational, transit, and essential services and ensure our province can meet the growing needs of its residents and improve their quality of life for generations to come,” stated Saskatchewan Minister of Government Relations Don McMorris.
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