The surge in revenues flowing into Ontario government coffers — at a time when municipal budgets are stretched thin — is reigniting debate over how cities fund their services.
Experts in municipal finance and public policy say there’s a mismatch between the services cities are expected to provide and the revenues they have available to pay for them.
That mismatch becomes apparent in new figures outlined in the budget tabled last week by Premier Doug Ford’s government, revealing just how flush with money the province is right now:
Annual corporate tax revenues rose $12.5 billion between 2019 and 2022 — a whopping 81
