Today, the Province put forward a bill that will remove the 50% funding guarantee for transit in Winnipeg. This does not necessarily mean that they are cancelling existing #provincial funding, but it does mean that the City can no longer rely on this guaranteed source of revenue for transit.
Given that #Winnipeg Transit is already seriously underfunded, Functional Transit Winnipeg is very concerned about these developments.
The 50-50 Funding agreement that is being canceled has been in place for several decades. Through the agreement, the Province of Manitoba matches the City of Winnipeg’s contribution to Transit for most expenses.
For the 2017 budget year, the Province is providing $50 million toward operations in Winnipeg which represents over 25% of Winnipeg Transit’s operating budget revenue.
Functional Transit Winnipeg will be monitoring this issue closely.