This bill is meant to help the Cape Breton Regional Municipality (CBRM) become financially stable and grow.
It gives CBRM temporary financial relief, planning help, and a new immigration pilot focused on Cape Breton.
Key changes:
Residents and property taxpayers in CBRM
Local businesses and workers
Prospective immigrants and employers in Cape Breton
Municipal government and staff
Provincial taxpayers
Estimated near-term provincial cost: at least CAD $50 million per year for three years in grants, plus added program and staffing costs; the Province would also forgo CBRM’s payments for education, housing, and corrections for five years.
Details: