The provincial government has announced a Rising Cost of Living plan to help Newfoundlanders and Labradorians with rising fuel and grocery costs.
Finance Minister Siobhan Coady made the announcement today in conjunction with John Abbott and Bernard Davis.
The five-point plan includes increased funding for some of the province’s most vulnerable and also provides incentives toward the transition away from fossil fuels.
The Income Supplement, which is provided four times a year is being increased by 10 per cent, while the Seniors’ Benefit is also increasing by 10 per cent.
Those on income support will see a one-time benefit of $400 dollars per family and $200 dollar for individuals come the first week of April.
Meanwhile, funding is being provided to help with the transition away from fossil fuels.
She says an additional $1.9 million dollars is being provided for electric vehicle charging infrastructure, while a $2,500 rebate is being provided to consumers and a $1,500 dollar rebate for plug-in hybrid vehicles. $5,000 dollars is also being provided for Newfoundlanders and Labradorians who want to transition from home heating oil to electric.
The provincial budget is expected April 7.
Minister Coady announces a "5 point plan" to help people in the province
-income supplement being increased by 10%
-seniors benefit increasing by 10%
-thise receiving income support will receive one time benefit beginning of april
@VOCMNEWS pic.twitter.com/XrVUTO8Mvu— Richard Duggan (@RDugganVOCM) March 15, 2022
