Download or read book Dr Enid Slack Institute on Municipal Finance and Governance Munk School of Global Affairs written by and published by . This book was released on with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Toronto amalgamation Provincial legislation determines municipal responsibilities and what taxes municipalities can levy Provincial governments set standards for service provision Municipalities cannot run an operating deficit Municipal borrowing is restricted Unconditional transfers: per capita and equalization Conditional transfers: mainly for social services (Ontario), transportatio. [...] TOOLS TO ENCOURAGE MUNICIPAL COOPERATION Tax base sharing Pooling borrowing Inter-municipal agreements/cost sharing Development charges Special purpose bodies Conditional transfers Public-private partnerships TAX BASE SHARING WHAT IS IT? Sharing of growth in the tax base Each municipality contributes a portion of its tax base to a regional pool % of base or % of growth in the b. [...] PAUL, US 2.8 million people 2 central cities; 7 counties; 143 cities; 43 townships; 48 school districts Minnesota Fiscal Disparities Act passed in 1971 to address increasing property tax rates, tax base and rate disparities, and inter-jurisdictional competition for development Opposition to the bill in the courts Tax base sharing finally went into effect in 1975 TAX BASE SHARING HOW DOES. [...] if a community is below the average market value, they receive a larger share of the pool) Commercial/industrial property taxed at local rate and area-wide rate; area-wide rate reduces differences across the region TAX BASE SHARING WHAT ARE THE ADVANTAGES? Way for communities to share in community's growth Reduces competition for tax base Does not alter structure of local governments or re. [...] computers, office supplies Shared use of in-house legal counsel Shared use of planner VICTORIA, CANADA Inter-municipal business licensing COST SHARING WHAT ARE THE ADVANTANGES? Potential for cost saving Ability to deal with peak and non-peak periods Access to improved levels of expertise Maintains local autonomy but ...
Download or read book IMFG 10 written by Alan Broadbent and published by . This book was released on 2013 with total page 15 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Financing Large Cities and Metropolitan Areas IMFG Papers on Municipal Finance and Governance written by and published by . This book was released on with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Enid Slack is the director of the Institute on Municipal Finance and Governance and an adjunct professor at the Munk School of Global Affairs at the University of Toronto. [...] From a municipal finance perspective, the unique characteristics of large cities and metropolitan areas have implications for the magnitude and complexity of the expenditures that local governments in those areas are required to make on municipal services, as well as their ability to pay for services. [...] At the same time, large central cities may benefit from lower expenditures per capita for metropolitan services to the extent that they can take advantage of economies of scale in service provision.7 Empirical evidence on the existence of economies of scale is mixed, however, depending on the service in question and the units of measurement (e.g., jurisdiction size or size of the facility) (Fox an. [...] What Are the Appropriate Revenue Sources for Large Cities? In general, the revenue sources available to large cities and metropolitan areas should reflect the expenditure responsibilities they are required to undertake: according to the European Charter of Local Self-Government, "local authorities' financial resources shall be commensurate with the responsibilities provided for by the constitution. [...] Where the benefits of a capital investment (for example, the construction of a water treatment plant) are enjoyed over a long period of time-say 25 years-it is both fair and efficient to pay for the project at least in part by borrowing, so that the stream of benefits matches the stream of costs through the payment of debt charges.
Download or read book IMFG 10 written by and published by . This book was released on with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: He has served with the Fiscal Affairs Department of the IMF, been a visiting professor in the United States, the Netherlands, Australia, and elsewhere, and been a frequent consultant to the World Bank and other national and international organizations. [...] Enid Slack is the Director of the Institute on Municipal Finance and Governance, and an Adjunct Professor at the Munk School of Global Affairs at the University of Toronto. [...] IMFG@10: The Past, Present, and Future of City Finance and Governance - 2 - The Origins of IMFG Alan Broadbent On behalf of the board of the Institute on Municipal Finance and Governance-myself, Janice Stein, and Colin Robertson-and the staff, welcome to the tenth anniversary of the Institute. [...] Looking at Canadian cities overall, IMFG@10: The Past, Present and Future of Municipal Finance in Canada Enid Slack I would like to use the occasion of the tenth anniversary of IMFG to reflect on what has happened in municipal finance in Canada over the last ten years and what we have accomplished at IMFG. [...] Much of the research has been on the capacity of social and economic networks, infrastructure, and ecosystems to absorb sudden shocks such as natural disasters, economic recessions, or armed conflict.27 I think we should pay equal attention to slow shifts: incremental long-term changes in, for example, the nature of work and the economic base, the demographic composition of the population, lifesty.
Download or read book The Impact of Municipal Finance and Governance on Urban Sprawl written by Enid Slack and published by . This book was released on 2006 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book If Not Now When written by and published by . This book was released on 2020 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Handbook on the Geographies of Money and Finance written by Ron Martin and published by Edward Elgar Publishing. This book was released on 2017-03-31 with total page 672 pages. Available in PDF, EPUB and Kindle. Book excerpt: The aim of this timely work, which appears in the wake of the worst global financial crisis since the late 1920s, is to bring together high quality research-based contributions from leading international scholars involved in constructing a geographical perspective on money. Topics covered include the crisis, the spatial circuits of finance, regulation, mainstream financial markets (banking, equity, etc), through to the various ‘alternative’ and ‘disruptive’ forms of money that have arisen in recent years. It will be of interest to geographers, political scientists, sociologists, economists, planners and all those interested in how money shapes and reshapes socio-economic space and conditions local and regional development.
Download or read book World Cities and Nation States written by Greg Clark and published by John Wiley & Sons. This book was released on 2016-12-19 with total page 299 pages. Available in PDF, EPUB and Kindle. Book excerpt: World Cities and Nation States takes a global perspective to show how national governments and states/provinces/regions continue to play a decisive, and often positive, partnership role with world cities. The 16 chapter book – comprised of two introductory chapters, 12 central chapters that draw on case studies, and two summary chapters - draws on over 40 interviews with national ministers, city government officials, business leaders and expert academics.
Download or read book Funding Democracy written by and published by . This book was released on 2016 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book You Get What You Pay for written by Jorgen Lotz and published by . This book was released on 2000 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Does Local Government Autonomy Promote Fiscal Sustainability written by and published by . This book was released on 2018 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Local Governance and Public Finance Challenges of the Fracking Boom written by and published by . This book was released on 2017 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Does Local Government Autonomy Promote Fiscal Sustainability written by and published by . This book was released on 2019 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Despite some variation in its precise definition, the last of these outcomes "reflects the adequacy of available revenues to ensure the continued provision of the service and capital levels that the public demands" (Chapman 2008: S115). [...] This sacrifice in external validity is made for the benefit of parsimony, in that the definition and measurement of autonomy is reduced to a binary criterion: the presence or absence of home rule. [...] Indeed, the non-binding nature of these limits (Joyce and Mullins 1991) likely provided the impetus for Illinois's Property Tax Extension Limitation Law (PTELL), which, in addition to maintaining the rate limits, specifically restricts the annual growth rate of extensions to the lesser of 5 percent or the rate of inflation. [...] If the success rate of citizen initiatives (of all types) is correlated with the presence of tax and expenditure limits but uncorrelated with taxation and expenditure policies, then the relevance and excludability conditions of the instrumental variable are satisfied. [...] The 1991 intervention by the Illinois General Assembly centralized the administration of the tax and standardized the sales tax base.
Download or read book Financing Metropolitan Governments in Developing Countries written by Roy W. Bahl and published by Lincoln Inst of Land Policy. This book was released on 2013 with total page 430 pages. Available in PDF, EPUB and Kindle. Book excerpt: The economic activity that drives growth in developing countries is heavily concentrated in cities. Catchphrases such as “metropolitan areas are the engines that pull the national economy” turn out to be fairly accurate. But the same advantages of metropolitan areas that draw investment also draw migrants who need jobs and housing, lead to demands for better infrastructure and social services, and result in increased congestion, environmental harm, and social problems. The challenges for metropolitan public finance are to capture a share of the economic growth to adequately finance new and growing expenditures and to organize governance so that services can be delivered in a cost-effective way, giving the local population a voice in fiscal decision making. At the same time, care must be taken to avoid overregulation and overtaxation, which will hamper the now quite mobile economic engine of private investment and entrepreneurial initiative. Metropolitan planning has become a reality in most large urban areas, even though the planning agencies are often ineffective in moving things forward and in linking their plans with the fiscal and financial realities of metropolitan government. A growing number of success stories in metropolitan finance and management, together with accumulated experience and proper efforts and support, could be extended to a broader array of forward-looking programs to address the growing public service needs of metropolitan-area populations. Nevertheless, sweeping metropolitan-area fiscal reforms have been few and far between; the urban policy reform agenda is still a long one; and there is a reasonable prospect that closing the gaps between what we know how to do and what is actually being done will continue to be difficult and slow. This book identifies the most important issues in metropolitan governance and finance in developing countries, describes the practice, explores the gap between practice and what theory suggests should be done, and lays out the reform paths that might be considered. Part of the solution will rest in rethinking expenditure assignments and instruments of finance. The “right” approach also will depend on the flexibility of political leaders to relinquish some control in order to find a better solution to the metropolitan finance problem.
Download or read book Municipal Finances written by Catherine D. Farvacque-Vitkovic and published by World Bank Publications. This book was released on 2014-06-27 with total page 521 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book tells a fascinating story on municipal finances for local government practitioners with rich examples, global practices, and good and bad experiences the authors gained in decades of field work.
Download or read book Financing Infrastructure written by Richard M. Bird and published by McGill-Queen's Press - MQUP. This book was released on 2017-12-04 with total page 311 pages. Available in PDF, EPUB and Kindle. Book excerpt: Politicians and citizens universally agree that Canada’s urban infrastructure urgently needs work. Roads and bridges are overdue for repair, aging water systems should be replaced, sewage must be adequately treated, urban transit needs to be updated and extended, and it is necessary that public housing as well as schools, health centres, and government offices are brought up to current standards. But few cities have room to raise additional revenue, and the federal and provincial governments to which they turn for financial support are already in deficit, so who is going to pay for all of this? Bringing together perspectives and case studies from across Canada, the US, and Europe, Financing Infrastructure argues that the answer to the question “Who should pay?” should always be “users.” Headed by two of Canada’s foremost experts on municipal finance, this book provides a closer look at why charging user fees makes sense, how much users should pay, how to charge fees well and where present processes can be improved, and how to convince the politicians and the public of the importance of pricing infrastructure correctly. Across the disciplines of public policy, urban studies, and economics, almost no one is looking at the extent to which users should play a role in infrastructure planning. Financing Infrastructure contends that the users, not federal and provincial taxpayers, should start paying directly for their cities’ repairs and expansions. Contributors include Richard M. Bird (University of Toronto), Bernard Dafflon (University of Fribourg, Switzerland), Robert D. Ebel (Local Governance Innovation and Development), Harry Kitchen (Trent University), Jean-Philippe Meloche (Université de Montréal), Matti Siemiatycki (University of Toronto), Enid Slack (University of Toronto), Almos T. Tassonyi (University of Calgary), Lindsay M. Tedds (University of Victoria), François Vaillancourt (Université de Montréal), and Yameng Wang (World Bank).
Download or read book Is Your City Healthy written by Richard M. Bird and published by . This book was released on 2015-04 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
