There were 337 press releases posted in the last 24 hours and 358,025 in the last 365 days.

Fraser Institute News Release: City of Toronto spent $4,010 per person in 2016, the most of any GTA municipality

TORONTO, May 30, 2019 (GLOBE NEWSWIRE) -- The City of Toronto spent the most per person of any municipality in the Greater Toronto and Hamilton areas in 2016, finds a new study released today by the Fraser Institute, an independent, non-partisan Canadian public policy think-tank.

“Local governments provide important services that residents rely on everyday, but it’s often difficult to decipher how much revenue municipalities collect, how much they spend and what they spend our money on,” said Josef Filipowicz, senior policy analyst with the Fraser Institute and co-author of Comparing Municipal Finances in the Greater Toronto and Hamilton Area.

The study analyzes municipal finances for 26 municipalities in the Greater Toronto and Hamilton area from 2009 (the first year of new provincially-mandated accounting practices) and 2016, the most recent year of comparable data.

It finds that in 2016, the City of Toronto spent $4,010 per person, the most of any municipality in the region. In fact, Toronto’s per person spending was nearly $1,000 more per person than Hamilton ($3,086).

(Toronto’s comparatively high levels of spending is at least partly due to the Toronto Transit Commission and other spending responsibilities unique to the City of Toronto, including a number of provincially-mandated requirements.)

But even though Toronto spent the most per person in 2016, the city was one of nine municipalities in the region (along with Hamilton, Oshawa and Pickering) to actually reduce per person spending from 2009 to 2016. Toronto reduced spending by 7.7 per cent (adjusted for inflation)—more than any other municipality regionwide.

Elsewhere, the City of Brampton increased per person spending by 15.1 per cent to $2,804, and Mississauga increased per person spending by 9.4 per cent to $2,705 in 2016.

“Ultimately it’s up to the residents to decide if they’re getting good value for their municipal tax dollars, but to make that call they need clear information about their local government’s finances,” Filipowicz said.

Per-person spending in 2016 in the Greater Toronto and Hamilton area (municipalities over 100,000 people)

Toronto $4,010 Brampton $2,804
Vaughan $3,087 Burlington $2,755
Hamilton $3,086 Mississauga $2,705
Oakville $2,876 Whitby $2,679
Richmond Hill $2,865 Ajax $2,538
Markham $2,840 Milton $2,385
Oshawa $2,837    
       

MEDIA CONTACT:
Josef Filipowicz, Senior Policy Analyst
Fraser Institute

Ben Eisen, Senior Fellow
Fraser Institute

To arrange media interviews or for more information, please contact:
Bryn Weese, Associate Director, Communications
(604) 688-0221 ext. 589
bryn.weese@fraserinstitute.org

Follow the Fraser Institute on Twitter  |  Like us on Facebook

The Fraser Institute is an independent Canadian public policy research and educational organization with offices in Vancouver, Calgary, Toronto, and Montreal and ties to a global network of think-tanks in 87 countries. Its mission is to improve the quality of life for Canadians, their families and future generations by studying, measuring and broadly communicating the effects of government policies, entrepreneurship and choice on their well-being. To protect the Institute’s independence, it does not accept grants from governments or contracts for research. Visit www.fraserinstitute.org

 

FI_LOGO_sized.JPG

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.