April 23, 2024
Municipal Information Network

CENTRE FOR URBAN RESEARCH AND LAND DEVELOPMENT
Time to Change the “Growth Must Pay for Growth” Mantra of Ontario Municipalities to “Beneficiaries Must Pay for Growth”

April 9, 2020

In this second issue of the CUR GTHA Urban Digest, we argue that it is time to rethink which parties should pay for municipal costs relating to growth-related infrastructure. At present, municipalities cover about 80% of these costs from development charges and are pushing for 100% funding from this source.

However, developers and owners are just some of the beneficiaries of the economic growth and tax revenues generated by new development. As a result, they should only be saddled with the share of costs equal to their share of the total economic benefits, which is a lot less than even the 80% currently the case.
 
The views expressed in the Urban Digest are those of the author(s).

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For more information

Centre for Urban Research and Land Development
350 Victoria Street
Toronto Ontario
Canada M5B 2K3
www.torontomu.ca/centre-urban-research-land-development/


From the same organization :
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