Search Results for: Municipal Expenditures

Perspectives Paper | 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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