I'll speak to this quickly, and then turn it over to Louise.
What you're referring to is the $5-billion cut to the Canada public transit fund, CPTF, in budget 2025. We are currently advocating for the reversal of that cut. I appreciate that, of the three streams, public transit will be an eligible expense as part of the build communities strong fund. We are very concerned that the BCSF is not at the pace and scale necessary to truly meet the need across the country. The benefit of the Canada public transit fund is that it's dedicated. It's stand-alone. It's an investment in public transit that doesn't need to compete with other municipal priorities. The fact that it has been cut is a challenge for municipalities across the country.
You spoke a little bit about competing with provincial priorities. Under the provincial and territorial stream of the build communities strong fund, one of the conditions, in order to access the funding, is that provinces have to match the funding that the federal government is putting forward. There's also a requirement for development charge reductions in order to access the funding. The challenge with that is that, in many jurisdictions in Ontario and Quebec, development charges are actually used to fund public transit. It becomes a bit of a double whammy if there's a 16% cut to CPTF, and then at the same time, on the other side, development charge reductions likely lead to a reduction in funding available at the municipal level for public transit. It creates challenges for all municipalities.
Louise, I don't know if you want to add anything to that.