Unlocking affordable infrastructure through tax-free municipal bonds

Despite infrastructure’s long life, many municipalities are cautious about debt financing, even when offered attractive matching capital grants by other levels of government.

Infrastructure Minister Dominic LeBlanc, pictured on Nov. 22. The federal government has historically been reluctant to pledge long-term federal revenues to the municipal sector, whether through programs or directly, writes Michael Fenn. The Hill Times photograph by Andrew Meade

Opinion

BY MICHAEL FENN

November 30, 2022

Canada’s local governments own and operate 60 per cent of Canada’s public infrastructure, despite having access to less than 10 cents out of every Canadian tax dollar. That imbalance has yielded a Canadian public infrastructure deficit estimated to be between $110-b...

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