From The Fraser Institute: Canada’s municipalities have increased their spending and employment over the last two decades while maintaining that they are fiscally challenged. Notwithstanding the recent pandemic-induced fiscal shocks, they typically run surpluses on their operating budgets while continuing to increase tax levies. Understanding municipal finance is important given the centrality of services such as roads, water, police and fire protection, and transit to Canadian families. At the same time, understanding municipal finances is a challenging exercise given they are not very transparent and vary widely across municipalities.
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