Special Warrants Help Projects Move Forward

Government has approved special warrants of $168 million for capital projects.Until a budget is passed, the Finance Act allows departments and entities to spend up to 50 per cent of their previous year’s approved budget. Special warrants grant an appropriation to allow expenses to be incurred if they are expected to exceed that amount.With this approval, $168 million in previously announced capital projects can proceed, including road and school construction projects and planned upgrades to the 911 system. Some projects have contractual obligations and others have required timelines to qualify for federal funding.The warrants ensure the continuity of government-funded projects, and provide certainty and stability to contractors and communities until a budget is passed.Source: Release

Government has approved special warrants of $168 million for capital projects.

Until a budget is passed, the Finance Act allows departments and entities to spend up to 50 per cent of their previous year’s approved budget. Special warrants grant an appropriation to allow expenses to be incurred if they are expected to exceed that amount.

With this approval, $168 million in previously announced capital projects can proceed, including road and school construction projects and planned upgrades to the 911 system. Some projects have contractual obligations and others have required timelines to qualify for federal funding.

The warrants ensure the continuity of government-funded projects, and provide certainty and stability to contractors and communities until a budget is passed.

Source: Release

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