Thank you, Mr. Chairman.
What I want to do here is essentially concentrate on the business of government. How can the federal government be a better partner with our local communities, as well as stakeholders, to create resiliency through leveraging, financing and partnering with different levels of government and the private sector, which mitigate the financial burden on property taxpayers? For example, the tax rate, Mr. Mayor, is in fact impacted by operational budgets that finance capital debt, which I'm sure you deal with every spring. How do we mitigate the impact of water bills on property taxpayers?
Some examples when it comes to shoreline protection are asset management and asset adaptability, as well as natural infrastructure, maintenance and investment, etc. We have many mechanisms in place. Joanna touched on a few of them. Carbon pricing is one of them, with 10% of our carbon pricing going to municipalities. The other 90% goes back to residents.
We look at the Canada community-building fund, as you alluded to earlier, that goes through FCM. There's the NTCF, the green-building fund, and the Great Lakes and St. Lawrence announcement of $420 million that can and probably will be—once the strategy is put in place—attached to shoreline protection, based on shoreline erosion. There are additional funding envelopes that all departments have available for you.
Would it be advantageous to consolidate these funding programs under one program that concentrates on climate resiliency, or do we focus on climate resiliency under the existing programs, as a priority under the matrix when those programs are being applied for?
Mr. Mayor, I'm going to start off with you.