BUILDING MANITOBA FUND
Through the Building Manitoba Fund (BMF), Manitoba's unique tax sharing program, municipalities benefit from a share of provincial tax revenues that grow with the economy.
The amount to be credited to the BMF is set in legislation, equivalent to the greater of:
Provincial Sales Tax (PST):
- One percentage point of the provincial sales tax;
or
Income and Fuel Tax
- 4.15% of provincial personal and corporate income taxes estimated for the year;
- 2 cents per litre of provincial gasoline tax estimated for the fiscal year; and
- 1 cent per litre of provincial diesel fuel tax estimated for the fiscal year.
This guarantees that each year, municipalities will benefit from an amount of provincial tax revenue that is no less than the previous BMF revenue sharing structure (income and fuel tax) in place in 2010.
In 2012/13, the Province will invest over $260 million for roads, transit and other municipal infrastructure priorities through the Fund. Funding support includes:
Municipal Infrastructure Assistance - including general infrastructure assistance, roads and bridges, and sewer and water projects.
Transit Support - including capital and operating support for regular and mobility disadvantaged transit systems in our communities.
Canada-Manitoba Infrastructure Agreements - jointly funded federal-provincial infrastructure and economic development programs in Manitoba.
Click here for information on Building Manitoba Fund Grants to the City of Winnipeg.
Click here for information on Building Manitoba Fund Grants to Other Municipalities.
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