PLG 710 Lecture Notes - Lecture 1: Public Finance, Cash Flow, Sewage Treatment
1 Dec 2018
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Document Summary
Municipal finance: finance policies to put them into effect: needs to be funded for implementation, land value captures to make this happen. Deficit: budget cash flow (annual: what is spent what comes in. Major expenditures and sources of revenue: property tax, grants + transfers, other revenue. Conditional: specific purpose: specific action, ex: must use grants today from province, matching rates (i put in 50% & you put in 50%) Unconditional: general purpose: money given to municipalities to spend however they want (declining) What economists use to analyze gov"t funding. Programs: meal programs for seniors, recreational programs for immigrants, building a new road, new sewage treatment plan. Fiscal policies: growth pays for growth: development charges policy. Non-residential development pays more tax so municipalities want more of this kind of development. Fiscal planning: not wasting resources, getting people, the services they want.
