afransen
Senior Member
I am partial to just funding development out of the property tax base. But if that is politically difficult, I could see having municipalities finance those development charges and amortizing them over 15-25 years as a surcharge to property taxes on the new units.Lowering development fees / restructuring municipal finances
- they say only possible if they are alternate revenue streams for cities besides fees, development charges and property taxes for all municipal funding
- some ideas they float are: getting a portion of HST generated in city back, putting road infrastructure fees on cars instead of housing
- Ontario Home Builders advisor says of $1.3 million avg house 500k is in government fees (taxes, charges, fees, etc.). Moffat mentions development charges have increased from 5k to 100k in 20 years.