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Perspectives Papers | 2017

How Much Local Fiscal Autonomy Do Cities Have? A Comparison of Eight Cities around the World

Local fiscal autonomy is the extent to which local governments rely on locally raised revenues for funding and their ability to set their own tax rates. A comparison of Toronto, London (UK), Paris, Berlin, Frankfurt, Madrid, Tokyo, and New York reveals that Toronto is less dependent on intergovernmental transfers than many other major cities but, with the exception of London, it has fewer tax options.
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IMFG Paper | 2017

(Re)creating Boundary Lines: Assessing Toronto's Ward Boundary Review Process

When Toronto's Ward Boundary Review (WBR) began in 2013, the city's 44 wards varied widely in size, ranging from 45,000 to 90,000 residents. This paper sets out the contested legal terrain within which the City of Toronto’s WBR took place and assesses possible next steps, including the grounds for a possible Ontario Municipal Board appeal.
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Presentation | 2017

Climate Finance in Ontario: Can Debt Financing Be Green?

Can debt financing be “green”? On June 21, IMFG post-doctoral fellow Gustavo Carvalho presented on climate financing in Ontario cities, looking at financial instruments and strategies that have been successfully implemented elsewhere, with a focus on green bonds, environmental impact bonds, and green banks.
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Perspectives Papers | 2017

Cities as Prudent Investors: New Rules for Investment by Ontario Municipalities

Financial investments are an important part of the fiscal tools available to Canadian municipalities. A well-executed investment strategy can provide a source of income to municipalities, helping them prepare for future budgetary pressures and revenue fluctuations. This paper describes how the current municipal investment regime in Ontario works and its future direction and challenges.
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Other | 2017

Visualizing Ontario's Municipal Finance Data (data visualization project)

The Institute on Municipal Finance and Governance (IMFG) at the University of Toronto and the Institute without Boundaries (IwB) at George Brown College have worked together on a data visualization pilot project that brings municipal finance data to life. Leveraging the municipal finance expertise of IMFG and the design experience of the IwB and School of Design at George Brown College, this collaborative project is intended to highlight key issues in Ontario’s municipal finance and illuminate them in compelling and accessible ways.
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