Timmins is expected to receive more than $3.1 million in financial aid for critical public services and its transit system.
Following the rollout of the first phase in the Ford government’s $4-billion bailout package, more details were released Wednesday on how the funding would be broken down.
The province announced Wednesday municipalities would be getting $1.6 billion in the first round of emergency funding under the Safe Restart Agreement, as well as more than $660 million spread out over 110 municipalities to support their transit systems. The money is expected to relieve transit pressures such as low ridership and COVID-19 costs like enhanced cleaning and masks.
In Timmins, the city is expected to receive $2,379,000 for critical public services and $775,512 would be wired to Timmins Transit.
With the city’s deficit hitting $2.9 million, Andrew Marks, the city’s deputy mayor, has previously told The Daily Press the cash flow would help Timmins balance its 2020 books and avoid an increase in taxes.