Recent Publications and Bulletins
Amidst the attention surrounding the Financial Accountability Officer’s report on Hydro One (October 2015), too few commentators have focused on the significant and important gap in the FAO’s selective analysis that results from omitting the taxation revenue impacts of investing part of the Hydro One share sale proceeds in much-needed Ontario infrastructure.
Between 2014 and 2041, the Region of Peel's population is expected to grow by 41%, the number of employed residents of Peel expected to grow by 35%, while jobs in Peel are at risk of growing only 23%. If Peel plans and services growth according to Places to Grow expectations, overcapitalization on employment lands may leave Peel with over $2 billion in stranded debt.
Toronto Community Housing Corporation (TCHC), situated in the heart of one of the largest cities in North America, manages a stock of approximately 59,700 dwellings that provide homes to roughly 109,000 individuals. TCHC houses diverse families and individuals with a range of affordability levels, from those that pay market-level rents to others that qualify to pay rent that is geared according to family income. As of 2015, a $750M backlog of repairs threatens the ability of the second largest landlord in North America to continue meet its mandate of providing clean, affordable, and well-maintained homes.
Analysis demonstrates that if sharing of the Ontario public infrastructure funding risks were to follow from the fiscal benefits that accrue to different levels of government, then all Ontario-based governments would be expected to cover approximately 61 per cent of the investments, with the federal government covering the balance of 39 per cent. Yet currently, all the Ontario-based governments collectively cover 88 per cent of the infrastructure investment risk.
Sufficient investment into the Region of Peel (RoP) infrastructure ensures that the region’s roads, waste management, transit systems as well as water and power delivery are properly maintained and are adequate to serve the growing needs of the population of the region and the province. Beyond the basic societal needs, this investment also plays an important economic role in the way it supports the means of production and transportation of the region’s goods and services.