Request province-AMO municipal finances prosperity review
General Committee makes recommendations; City Council makes the final decision.
Council approved this on February 5, 2024 as part of its consent agenda, without a separate vote. See the consent vote →
Councillor Votes
Full Resolution Text
WHEREAS municipalities including the City of Peterborough and the provincial government have a strong history of collaboration WHEREAS municipal revenues, such as property taxes, do not grow with the economy or inflation WHEREAS unprecedented population and housing growth will require significant investments in municipal infrastructure WHEREAS municipalities are being asked to take on complex health and social challenges – like homelessness, supporting asylum seekers and addressing the mental health and addictions crises WHEREAS inflation and rising interest rates are sharply constraining municipal fiscal capacity WHEREAS property taxpayers – including people on fixed incomes and small businesses – can’t afford to subsidize income re-distribution programs for those most in need WHEREAS the province can, and should, invest more in the prosperity of communities THEREFORE, BE IT RESOLVED THAT the Province of Ontario commit to undertaking with the Association of Municipalities of Ontario a comprehensive and collaborative social and economic prosperity review to promote the stability and sustainability of municipal finances across Ontario.