The purpose of this paper is to describe and evaluate the different tools used by North American cities to finance municipal capital infrastructure: e.g., property taxes, user fees, development charges and other exactions, federal and provincial or state grants, borrowing, tax increment financing, and public-private partnerships. The advantages and disadvantages of each of these tools are discussed as well as suggestions for when these tools should be used.
Municipal services, Public finance - Local
This paper was originally presented at the International Property Tax Institute's 7th International Conference, September 29 to October 1, 2004, in Guadalajara, Mexico.
Slack, E. (2005). Municipal financing of capital infrastructure in North America. Journal of Property Tax Assessment & Administration, 2(1), 63-78. Retrieved from https://researchexchange.iaao.org/jptaa/vol2/iss1/6