PLG 710 Lecture Notes - Lecture 2: Metrolinx, Externality, Local Economic Development
1 Dec 2018
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Next week craig binning (guest lecture): development charges. Institutional setting: public goods, tiebout hypothesis, externalities (spill overs) Must site literature that is associated with the topic. Use headings and sub headings; tables and charts. Financial implications of where money has to come from. Can pick different municipalities and other topics not listed. Example: exemptions to industrial or seniors housing. Will be covered next week with craig binning. If you don"t increase development charges then maybe increase property tax as a revenue stream. No revenue raising capacity to fund their large infrastructure moves. What revenue streams are available to pay for infrastructure. Using regional sales tax, property tax, gas tax: which would be better and why (recommendation) Recreation, parking, transit, health care, etc. user charges. Toronto, burlington, ottawa, etc: various municipalities use this. Percentage of housing must be affordable: units must be made affordable for housing.
