Ontario budget deficit projected to jump to $38.5 billion in 2020-2021 The funding is part of the $1.6 billion in emergency funding announced by Premier Doug Ford on Wednesday for Ontario’s 444 municipalities.As part of Phase 1 of the funding rollout, the province is providing $695 million to municipalities and $660 million for transit.
Ford also announced $212 million through a social services relief fund to help vulnerable people find shelter.The provincial and federal governments have set aside $4 billion in relief funding for municipalities and more phases of funding are expected.The announcement was made just as a city council meeting was getting underway to discuss Guelph’s financial situation amid the pandemic.Guelph Mayor Cam.