Halton Region establishes Sustainability Fund

Halton Region establishes Sustainability Fund

Please note: The halton.ca website was redesigned in February 2010 which has caused many of the links within the archived 2009 media releases to no longer function.


Release Date: Dec 20, 2007

As part of its 2008 Budget, approved by Halton Regional Council on December 19, Halton Region is pleased to announce the creation of a Sustainability Fund. The Sustainability Fund is a reserve intended to support the Region's participation in strategic initiatives related to economic development and environmental protection.

"Halton Region is often approached by the Local Municipalities or other municipal agencies to participate in strategic partnerships, but we don’t always have the funds allocated for these worthwhile projects," said Halton Regional Chair Gary Carr. "The newly created Sustainability Fund means that Halton can invest in projects that will protect and enhance our economy and natural environment, or projects that will benefit the Region as a whole."

The 2008 Budget allocates funding through the Sustainability Fund to these projects:

  • The Limestone Legacy Plan for Halton Escarpment Parks: $325,000 to fund the updating of Conservation Halton’s master plans for three of the six existing Halton Escarpment Parks including Mount Nemo, Rattlesnake Point and Hilton Falls.
  • Royal Botanical Gardens (RBG) Rejuvenation Project: $375,000 to help fund capital enhancements to the RBG’s front entrance.
  • Terra Cotta Renewal Project: $372,000 to fund infrastructure improvements as part of Credit Valley Conservation’s renewal of the Terra Cotta Environmental Education Centre.

The Sustainability Fund will be funded by savings realized through the first phase of the Provincial uploading of the Ontario Disability Support Payments (ODSP) program, representing $1.2 million in 2008. The uploading of the ODSP program over the next four years means the Province will no longer use property taxes to fund disability support payments and drug benefits.

The uploading of the ODSP program is one of the successes of the Fairness for Halton campaign, which was established to address the fact that Halton Region cannot accommodate the growth targets specified in the Province’s Places to Grow Plan without adequate financial tools and funding commitments from the Ontario government for municipal infrastructure and social service needs.

The Sustainability Fund addresses a recommendation in the Region’s Comprehensive Economic Development Strategy, approved by Council in October 2006, to create a Regional Economic Development Fund to support partnerships with Local Municipalities.

Halton Region staff will work with Local Municipal staff to develop details regarding eligibility, evaluation criteria and the application process for the Sustainability Fund, to ensure that Halton Regional Council can respond fairly and consistently to future requests. Additional requests for funding will be presented to Regional Council for consideration.

For more information about the 2008 Budget, visit Halton Region's website at www.halton.ca or call 905-825-6000, toll free 1-866-442-5866 (1-866-4HALTON) or TTY 905-825-9833.

The Regional Municipality of Halton serves more than 430,000 residents in the City of Burlington, the Town of Halton Hills, the Town of Milton, and the Town of Oakville. Halton Region is committed to meeting the needs of its residents through the delivery of cost-effective, quality programs and services, including water and wastewater; Regional roads and planning; emergency medical services; waste management; public health; Ontario Works (formerly social assistance); children’s and seniors’ services; social/non-profit housing; heritage programs; emergency management and business development. For more information, visit Halton Region’s website at www.halton.ca.

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Media Contact:
Jane MacCaskill
Commissioner of Corporate Services and Regional Treasurer
Halton Region
905-825-6000 ext. 6005
jane.maccaskill@halton.ca

or

Maria McDonald
Communications Specialist, Community Relations
Halton Region
905-825-6000, ext. 7482
maria.mcdonald@halton.ca