Search Results for: Fiscal Health

Presentation delivered by Enid Slack and André Côté to the Toronto Urban Fellows Learning Session: A Foundation in Municipal Finance on June 20, 2013.
Find out more »

In recent years, we have seen a sharp increase in foreign demand for Canadian assets, including bonds issued by Canadian municipalities and provinces. IMFG Post-Doctoral Fellow Kyle Hanniman discussed the factors driving foreign investment in Canada's subnational bond market; the implications of these developments for municipal borrowing costs and credit spreads; and what, if anything, municipalities are doing to manage the risks and opportunities involved.
Find out more »

In the second annual Toronto City Manager's Address, City Manager Joe Pennachetti discusses the City's fiscal position and the strategic directions the City must weigh in building an economically vibrant, functional, and inclusive Toronto.
Find out more »

Can and should Canadian municipalities be borrowing more? If so, what measures and financing models should cities adopt to ensure additional borrowing is cost-effective and responsible?
Find out more »

This paper analyzes economies of scale for two municipal services by considering how per-household municipal costs are affected by a municipality’s size. An econometric model is used to estimate costs associated with fire and police services using data for 445 municipalities in the Province of Ontario.
Find out more »

Excessive borrowing by local and regional governments is an important source of macroeconomic instability in monetary unions. Credit markets often indulge this behaviour (lending too much at excessively low interest rates) if they expect national officials to bail out struggling local jurisdictions. Drawing on cross-national and Canadian data, Hanniman discussed the role and limits of fiscal federal institutions in shaping these bailout beliefs.
Find out more »

Public parks and library systems across North America are experiencing fiscal distress. Short-term cost-cutting measures galvanize the community to oppose the reductions, but are there longer-term solutions to the funding problems?
Find out more »

Presentation delivered by IMFG Director Enid Slack on August 22, 2012, at the International Property Tax Institute Conference in Sao Paolo.
Find out more »