By Lesley-Anne Scorgie Personal Finance Columnist Mon., March 11, 2019 We moved into our new home on Feb. 27, 2019, the day that Toronto had one of its worst blizzards in decades. The process was long, arduous, and amplified our costs by an additional $450 because we paid for the movers by the hour, and the hours dragged on and on due to the snowfall. About 24 hours later, our car didn’t start due to an unexpected corroded cable in our engine (repairs added up to $350), and we found out the electrical fixtures in our spare room and the main hanging light fixture in our dining room were non-functional due to old wiring (electrician’s fees totalled $500). We dipped into our emergency funds to cover these costs. Also known as rainy day money, this kind of fund is for the unexpected expenses that creep up from time to time. These include job loss, medical bills that fall outside of insurance, a sewage line that backs up in your house, a death in the … [Read more...] about When it rains it pours — that’s why emergency funds are critical
WASHINGTON (REUTERS) - US House of Representatives Speaker Nancy Pelosi on Thursday (Jan 10) rebuked President Donald Trump for threatening to block disaster aid for California, a state recently ravaged by deadly, destructive wildfires whose mostly Democratic political leaders often spar with the Republican president. "How shocking it is that this president would say he's going to withhold funding to meet the disaster needs of people in California," said Pelosi, a Democrat representing a California district, referring to Trump's tweet on Wednesday that he would stop the emergency funds until the state changes its forest and fire management. "Unless you have a different definition of what a disaster is and the needs for assistance, you have no right to withhold those funds," Pelosi said. It is not clear whether Trump was referring to money already approved and being distributed or to future funds in his tweet. By law he cannot act to "delay or impede" disaster relief once a federal … [Read more...] about Trump has no right to withhold emergency funds from California: Pelosi
The NLA passed the bill in three straight readings with 183 votes and sent it back to the prime minister to forward it for a royal command for its enactment. The bill seeks to transfer Bt10 billion from the 2018 budget of the government to set up an emergency fund for projects under the national strategies and reform plans. The bill also seeks a transfer of Bt2.73 billion from the 2018 budget for setting up the Pracharat Fund for the grassroots economy that would be in turn used to provide help to low-income people who earn less than Bt100,000 a year. The bill states in its principles that the government has to set up the emergency fund so it could allocate money to government agencies that implement development projects under the national strategy and reform plans, promptly so the budget could be allocated and spent within the current fiscal year that ends in September. … [Read more...] about NLA sets aside Bt12.7bn emergency fund
By Jaren Kerr Staff Reporter Fri., May 4, 2018 The #TorontoStrong Fund is giving the first $500,000 it raised since the Yonge St. van rampage to victims and families of the attack. As for the remaining $2 million collected, how it gets sorted is still to be determined. On the afternoon of Monday Apr. 23, a white van mounted the sidewalk on Yonge St., near Finch Ave., and deliberately hit pedestrians, killing 10 and injuring 16. Moved by the tragedy, members of the public gave generously to the #TorontoStrong Fund. The initial payout from the fund will go toward funeral expenses, travel and accommodation, among other costs, said Julia Howell, vice-president of community engagement at the Toronto Foundation, the organization behind the fund. Article Continued Below A steering committee will decide how to divide up the rest next week, she said. The money for victims is the first in a three-part strategy, Toronto Foundation’s Howell said. The rest … [Read more...] about #TorontoStrong Fund to donate initial $500,000 to victims and families of Yonge St. van attack. How will the rest be spent?
The bicameral conference committee on energy reconciled on Wednesday conflicting provisions of a bill seeking to provide electric cooperatives (ECs) a P750-million emergency and resiliency fund. During a hearing on Senate Bill 1461 and House Bill 7054, or the Electric Cooperatives Emergency and Resiliency Fund measures, the panel decided that the initial emergency fund for 2018 would come from the National Disaster Risk Reduction and Management Council (NDRRMC) Fund, which has more than P7 billion for rehabilitation and restoration efforts. The amount may increase or decrease in succeeding years. “We will give [Congress the flexibility] to dictate how much will be appropriated every year,” Sen. Sherwin Gatchalian, chairman of the Senate Committee on Energy and the bill’s principal sponsor, told reporters after the hearing. Under the reconciled measure, the fund shall be transferred to the National Electrification Administration (NEA), instead of going through the … [Read more...] about P750-M emergency fund for co-ops OKd