Funding gap to be audited
Ontario’s municipal affairs and housing minister, Steve Clark, is telling the city of Toronto the province is launching a third-party audit of municipal finances to determine if the municipality will see any shortfall in revenue as a result of a provincial housing law. The legislature has passed a bill that would, in part, freeze, reduce and exempt fees developers pay on certain builds such as affordable housing. Those fees go to municipalities and are used to pay for services to support new homes, such as road and sewer infrastructure and communities have expressed concern they will have to raise property taxes to fund those services.
CANADA & WORLD
en-ca
2022-12-01T08:00:00.0000000Z
2022-12-01T08:00:00.0000000Z
https://waterloorecord.pressreader.com/article/281732683506902
Toronto Star Newspapers Limited