Future of MSI
Government has introduced the City Charters Fiscal Framework Act, which, if passed, would tie funding for capital projects in Edmonton and Calgary to changes in provincial revenues and fuel sales.
The proposed legislation is part of ongoing city charter conversations and would provide Edmonton and Calgary with a baseline of $500 million per year, split between the two cities. This new agreement would replace the cities’ Municipal Sustainability Initiative (MSI) funding when the program is complete in 2022.
A regional fund of $50 million, designed to foster collaboration and economic development, will be provided to the Edmonton Metropolitan and Calgary Metropolitan Growth Boards and regional entities. A long-term transit investment plan, and amendments to the City Charter Regulations are also included.