PLG 710 Lecture Notes - Lecture 3: Metrolinx, Tax Increment Financing
1 Dec 2018
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Development charges - craig binning (from hemison consulting) presentation. What we have to do to ensure development can proceed. Expenditures in 3 areas: initial round, ex. Greenfield opening up new parcel (new road, sewers, etc: replacement/rehabilitation of initial round capital, increased operating costs. Property taxes (prime revenue source for municipalities to use (about 70%)) 2 development charges (broader, sewage services, transit services,) funding growth-related infrastructure: property taxes (and utility rates) Everyone contributes to these ^^^ either on their property or the water and waste water they contribute to. Arguments against (from the municipal side) funding growth related infrastructure: ederal and provincial grants. Arguments against often variable from year to year (fluctuates) funding growth related infrastructure: debt funding growth related infrastructure: user fees. Arguments for: benefits to pay model, however much water you use, isa cubic measurement of how much you will pay for it, benefits to. Arguments against quick side note: property taxation.
