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Sep 2017 | Tax & Spend

FINANCING CANADIAN CITIES: IT IS TIME TO DIVERSIFY REVENUES
HARRY KITCHEN, TRENT UNIVERSITY

Never have Canada’s largest cities faced so much uncertainty when it comes to future fiscal sustainability. Changing demographics, increasing income inequality, growing social service needs, deteriorating infrastructure, the impact of climate change and federal immigration policies will push municipal expenditure needs well beyond anything experienced in the recent past. When this is combined with a revenue base that is largely controlled by provincial legislation and has remained virtually unchanged for decades (user fees and property taxes being the mainstay), concerns over financing services and fiscal sustainability are becoming a major concern.

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