Mandate

The division is responsible for providing financial assistance to municipalities in the form of grants and subsidies as well as providing assistance with all facets of capital borrowing. The division also, in conjunction with the regional offices, advises on budgeting, financial statements and other financial management matters. The division prepares, evaluates and monitors estimates with respect to debt servicing subsidies municipal operating grants, and special assistance grants. The division is responsible for monitoring and reporting on the provincial and municipal liability for municipal long-term debt. The division is responsible for the administration of the Gas Tax Program, as well as, Integrated Community Sustainability Plans.

Programs and Services

• Municipal Operating Grant
• Debt Servicing Grants and Subsidies
• Special Assistance Fund
• Refinancing of Guaranteed Municipal Bank Loans
• Restructuring of Municipal Debt
• Non-Guaranteed Government Loan Program (Approval to Borrow)
• Gas Tax Program
• PSAB Financial Statements
• Integrated Community Sustainability Plan

Contact Information

Stephen Mercer
Director
Municipal Finance Division
Department of Environment, Climate Change and Municipalities
4th Floor (West Block)
Confederation Building
P.O. Box 8700
St. John’s, NL
A1B 4J6
Tel: (709) 729-5381
Fax: (709) 729-3605