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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.
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IMFG, along with the School of Public Policy and Governance, the Department of Geography and Planning, Urban Strategies, and Global City Indicators Facility, presented the first lecture in the series, "Big City, Big Ideas," entitled Hudson Yards, NYC: The History, Challenges and Opportunities of North America’s Largest City-Building Development.
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Michael Smart presents the findings of his recent IMFG Paper, which explores the impacts of business property tax reform in Ontario between 2001 and 2004.
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Presentation delivered by IMFG Director Enid Slack to the Brazilian School of Public and Business Administration on August 28, 2012 in Rio de Janeiro, Brazil.
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Presentation delivered by IMFG Director Enid Slack on August 22, 2012, at the International Property Tax Institute Conference in Sao Paolo.
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In recent years, the City of Toronto’s use of Section 37 has come under greater scrutiny. In particular, critics question how the benefits are determined and distributed. Using data compiled on Section 37 agreements from 2007 through 2011, this presentation seeks to answer that question.
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Presentation by IMFG Director Enid Slack on On October 4, 2012, sponsored by the Cities Centre, University of Toronto.
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In 2011, the City of Toronto initiated a service review and multi-year budgeting process to achieve long term fiscal sustainability. Toronto City Manager, Joe Pennachetti discusses the various transformational changes taken over the last year to stabilize the City's fiscal position, and future strategic directions the City can take to build an economically vibrant and inclusive Toronto.
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