Funding and Asset Management
The 2018-19 Gas Tax Annual Expenditure Roll Up Report is an audited document summarizing Gas Tax Funding received and expended by the Province and it's municipalities in Fiscal Year 2019.
The 2019-20 Gas Tax Annual Expenditure Roll Up Report is an audited document summarizing Gas Tax Funding received and expended by the Province and it's municipalities in Fiscal Year 2020.
What is a financial plan?
A financial plan, which used to be called a budget, must be adopted by all municipalities. The financial plan contains:
an operating budget;
a capital budget;
a 5-year capital expenditure program; with,
an asset...
The Municipal Strategic Component (MSC) of the Gas Tax program was developed to assist municipalities with funding projects that are of particular significance to the overall benefit of Municipal and Provincial Government.
The fund has increased from $...
The Notional Allocation component of the Gas Tax program is for incorporated municipalities on PEI which do not provide sewer or water utility services to their residents. The Province will allocate 3.33 percent of the total Gas Tax allotment to the...
The Gas Tax program is a permanent infrastructure funding program and will see municipalities on PEI benefit from $163.5 million from 2014-2024.
The new Gas Tax program funding will be divided into four major components:
Gas Tax - Direct Allocation...
The goal of the Government of PEI is to improve the quality of life for all Islanders and build the foundation for sustained long-term economic growth in the 21st century.
Through PEI Infrastructure programs, federal, provincial and municipal...
On August 16, 2018, Canada and the Province entered into a new ten-year funding agreement herein referred to as the Investing in Canada Infrastructure Program (ICIP). Funding will be made available under the following four funding streams as well as...
The Municipal Expenditure Tool was developed by the Infrastructure Secretariat and can assist municipalities with their asset management program.
What is a Municipal Growth Management Study?
A Municipal Growth Management Study can help people study the social, cultural and economic resources in an area to increase capacity, improve service delivery and promote economic opportunities. A Growth...
The Federal Government has requested all municipalities to be practicing some form of asset management by 2018 to be eligible for receiving federal funding. The Province of Prince Edward Island will be facilitating the process for all municipalities to...
The Municipal Support Grant Program provides Island municipalities with two grants:
the services grant and
the equalization grant.
What is a services grant?
The services grant supports municipalities that have taken on responsibility for street...
The availability of stable, high‑speed Internet infrastructure is critical for access to essential resources and public services, and to enable economic growth and diversification. The Prince Edward Island Broadband Fund provides financial assistance to...
The Department of Health and Wellness recognizes the importance of health promotion to reduce reliance on the health system and positively influence healthier lifestyles and community well-being. The Wellness Grant program has been designed to support...