вЂњChanging the amounts every year is not predictable and makes it very difficult to budget. вЂњThe goals of the LGFF were predictable long-term sustainable funding,вЂќ she said. ItвЂ™s difficult to plan ahead with five and 10-year fiscal plans when the provincial funding amounts continue to shift, said Vincent. The LGFF program will now come into effect in the 2024-25 budget year, she said, and the baseline funding for its first year will be $722 million вЂ“ a decrease from the $860 million that was initially forecasted. She said MSI funding was scheduled to be discontinued in the 2021-2022 budgets to be replaced by legislated funding through the Local Government Fiscal Framework (LGFF), but current economic uncertainty led to the Province extending the program as-is with reduced levels of funding in subsequent years. вЂњThese announcements are not a surprise to us and our fiscal plan has these adjustments built in.вЂќ вЂњWe are glad that the operating grants will continue and we had budgeted for the forecasted drop in MSI capital funding,вЂќ said Vincent. 25, and while Municipal Sustainability Initiative funding is holding steady in 2021 with $1.2 billion being distributed to municipalities, a projected decrease of more than half is anticipated in 20, with $485 million being projected for MSI funding in both years.Д®laine Vincent, CAO for the Town of Okotoks, said cuts to MSI funding were one of the main concerns for the Town as it anticipated the new budget. The Province tabled its 2021 budget on Feb. Foothills municipalities were relieved to see a hold-the-line provincial budget as far as funding and tax requisitions.

Msi backburner