Search Results for: Municipal Revenues

Can cities in Canada rely on the revenues generated by tax increment financing (TIF)? What are the mechanics of assessing the uplift from a TIF before a project is implemented? How much money has it actually raised in practice?
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The City of Toronto implemented a land transfer tax on real estate transactions in February 2008. This study explores the impact of the tax on housing sales in the City of Toronto and the rest of the Greater Toronto Area (GTA).
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Canadian cities have long called for access to more tax revenues. This paper argues that additional taxes are appropriate for major cities, describes the advantages and disadvantages of potential new taxes, and estimates the revenue from a city income tax, a city sales tax, and a city fuel tax for eight Canadian cities.
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This paper evaluates the financial tools available to fund stormwater infrastructure (property taxes, development charges or cash-in-lieu payments, grants, borrowing, and user charges), and proposes user charges as the most appropriate.
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In this video, former Toronto City Manager Joe Pennachetti was joined in conversation with Matt Galloway, host of CBC Radio 99.1 FM’s Metro Morning. With 35 years of municipal financial management experience, Mr. Pennachetti reflected on his career in the public service and share his thoughts on the challenges of policymaking for cities.
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Enid Slack presents to the Municipal Finance Authority of British Columbia on March 31, 2016.
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This report reviews tax increment financing (TIF) and land value capture (LVC), two alternative sources of revenue to support new infrastructure and development for which municipal funds are not readily available. It simulates a 30-year TIF implementation along the Sheppard East corridor in Toronto.
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In his first public address since taking office in July, this video features Toronto City Manager Peter Wallace shares his perspectives on the City’s finances, and on the opportunities and challenges to achieving key social, economic, city-building, environmental, and governance objectives.
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