Infrastructure, housing investments among budget highlights for local mayors
The mayors of Kitchener and Waterloo are weighing in on the federal government’s 2024 budget.
“I think it really is great to see the overall housing theme as well as the affordability theme that the federal government has in today’s budget,” Waterloo mayor Dorothy McCabe told CTV News. “It’s really great to see the federal government fully engaged on this key priority of housing.”
McCabe said they’re excited to see what the city might be in line for, with the announcement to top up the Housing Accelerator Fund with another $400 million.
She also noted the importance of new infrastructure funding.
“Municipalities have been talking to the federal government and the provincial government for years about adjusting our fiscal funding arrangements,” she said. “So I’m hoping that this Canada housing infrastructure fund will be a way for us to really have that conversation and in greater earnest.”
“I would really want to emphasize the investments in housing infrastructure are really critical,” added Kitchener mayor Berry Vrbanovic.
“I think for Kitchener residents overall, there’s a number of things on affordability. Both in terms of helping with housing costs, but also little things like agreements with cell providers, banking fees and so on, that governments in the past have been reluctant to touch, and have waited for these big banks and other companies to come forward – telco companies – to address on their own,” Vrbanovic said.
“That hasn’t happened. And it looks like they’re finally going to tackle those things, which will make a difference in the pocketbooks of Kitchener residents.”
Vrbanovic is also happy to see funding to match provinces on tackling chronic homelessness, as well as new measures that will help Canadians with their mortgage renewals in the near future.
“This is a budget that really strikes a strong balance of meeting the needs of affordability for Canadians while also continuing to invest in municipalities,” added Vrbanovic.
CTVNews.ca Top Stories
Judge in Trump's hush money trial threatened to throw witness out of court for behavior on stand
Michael Cohen testified Monday that he stole tens of thousands of dollars from his ex-boss Donald Trump’s company, an admission defence lawyers hope to use to undermine Cohen’s credibility.
What is BORG drinking, and why is it a dangerous trend? An expert explains
If you've been to a party lately and haven't seen someone drinking a BORG, you're likely not partying with college students.
The world's best airline is paying staff a bonus of 8 months' salary
Singapore Airlines will reward its employees with a bonus worth nearly eight months of salary, a person familiar with the matter told CNN on Friday.
Oilers win Game 7 over Canucks, advance to Western Conference Final
The Edmonton Oilers weathered a late Vancouver Canucks charge on Monday night, beating the hosts 3-2 to win their seven-game second-round playoff series in the decisive showdown.
McGill says pro-Palestinian protest outside senior administrator's home 'crosses the line'
McGill University has denounced a pro-Palestinian protest held Sunday outside the home of one of its senior administrators.
Red Lobster probes 'endless shrimp' losses after bankruptcy filing
U.S.-based restaurant chain Red Lobster has filed for Chapter 11 bankruptcy protection in a Florida court after securing $100 million in financing commitments from its existing lenders, the company said on Sunday.
Katy Perry sings goodbye to 'American Idol'
Katy Perry said her goodbyes on 'American Idol' after seven seasons. On Sunday night’s live 'idol' season finale, a medley of Perry's hit songs were performed, including 'Teenage Dream,' 'Dark Horse' and 'California Gurls.'
Microsoft's AI chatbot will 'recall' everything you do on a PC
Microsoft wants laptop users to get so comfortable with its artificial intelligence chatbot that it will remember everything you're doing on your computer and help figure out what you want to do next.
Judge cites error, will reopen sentencing hearing for man who attacked Nancy Pelosi's husband
A federal judge will reopen the sentencing hearing for the man who broke into Nancy Pelosi's San Francisco home and bludgeoned her husband with a hammer after the judge failed to allow him to speak during his court appearance last week.