In the aftermath of the 2008 financial crisis, both politicians and public finance economists focused their attention on ways to control public budget deficits and debt. Around the world, detailed and precise regulations affected how governments could deal with public deficit and debt.
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As experience with decentralization has accumulated, perceptions of both the problems that often accompany decentralization and the best ways to deal with them have evolved. This book draws on experiences in developing countries to bridge the gap between the conventional textbook treatment of fiscal decentralization and the actual practice of subnational government finance.
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Fracking has revolutionized international oil and gas markets practically overnight, but its impact on local public finance and governance have largely been overlooked. While operating under federal and state constraints, the key ongoing policy question is whether and to what extent local governments can – and should – have the power to manage the industry’s effects on their communities.
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This paper explores climate finance, the provision of financing by private actors for projects intended to decrease carbon emissions or make cities more resilient to the impacts of climate change. It analyzes four climate financing tools used in other jurisdictions – green bonds, environmental impact bonds, catastrophe bonds, and green banks – and their feasibility under current Ontario regulations.
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A range of municipalities are considering or already using interlocal agreements in a variety of policy areas. Canadian municipalities with such agreements generally report high levels of satisfaction with them. Surprisingly, however, we find less cooperation between Canadian municipalities than we find in other parts of the world.
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IMFG offers two graduate fellowships in municipal finance and governance. There is one application process for both fellowships. The top two candidates will each be awarded a fellowship.
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The Institute on Municipal Finance and Governance (IMFG), within the University of Toronto’s Munk School of Global Affairs and Public Policy, invites applications for a one-year IMFG Post-Doctoral Fellowship in Municipal Finance and Governance. Applications must be received by no later than Thursday, March 26, 2020 at 4:00 pm.
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In 2015, Toronto City Council asked city staff to review community councils as part of the City’s ward boundary review process. Toronto’s ward boundary review realigned the city’s wards, so the City now needs to set new boundaries for community councils. Staff has been directed to report back to Council in 2017 on the “impacts to governance and structure changes to the authority, duties, and function of community councils.” Meanwhile, in November 2016, the Province of Ontario introduced measures to strengthen the use of community councils across Ontario. There is thus a unique opportunity available to re-imagine the authority and use of Toronto’s community councils.
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