PLAN103 Lecture Notes - Lecture 6: Operating Expense, Capital Asset, Income Tax
10 Oct 2018
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Document Summary
Financing capital assets: borrow funds by incurring debt vs. paying from budget. Future users pay some of the costs. Lower inflation no rise in real costs. Municipalities = children of the province: told what to do, must ask for permission. They are controlled by the province as to how they can raise revenue. $ value of home mill rate (property tax rate: principle source of income for municipalities. Implementation: public participation, monitor cash flow and costs, departmental, program, or venue cost allocation (exist at all levels, types. Themes in municipal finance: amalgamation, economics of scale, people ideologi(cid:272)ally assu(cid:373)e it(cid:859)s a good thi(cid:374)g, types of tax collected (shift to more user feeds, property tax (collective benefits, user fees (those who benefit directly pay) In some services, user fees would be way too high. Expenditure spending (expenditure needs spending needs) Inflation the rate of increase in prices for goods and services.
