New Local Development Funding Rules: Fairer Support for Communities.
This act aims to change how the federal government allocates money for local community development. The goal is to ensure funds go where they are most needed, eliminating existing inequalities. Citizens can expect their cities and counties to receive more equitable support for projects that improve quality of life.
Key points
A study will be conducted to assess current rules for allocating funds to cities and counties.
New, fairer rules will be developed to better match support with actual local community needs.
Inequalities in funding, previously caused by factors like housing age, will be eliminated.
Regular reviews, every 10 years, will ensure funding rules remain effective and adapt to changing needs.
New rules will be phased in over 5 years, allowing cities and counties to adjust their budgets.
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