AMO Social and Economic Prosperity Review AMO Social and Economic Prosperity Review New realities demand a new approach to the provincial-municipal fiscal relationship • Municipalities provide critical services that are central to Ontario’s economy and quality of life, investing more than $60B annually in important public services and infrastructure. [...] Municipal property taxes subsidize the provincial treasury by almost $4 billion a year • Nearly a third of municipal spending in Ontario is for services in areas of provincial responsibility – such as social housing, long-term care, public health, childcare and social services. [...] • Ontario’s spending per capita is the lowest in » Provincial government’s share of the Canada at $11,974 purchase price of a new home has • Real per capita spending in children’s and social climbed steeply over the past 10 services, education and post-secondary schools years – increasing by 55% compared have all declined by over 10% since 2018 to local governments’ 13%. [...] We believe the time is right for a province-wide conversation where municipalities and the province come together to promote the stability and sustainability of municipal finances province-wide. [...] AMO is calling on the provincial government to commit to this review as part of the upcoming budget, with a view to developing a consensus report with recommendations by 2025.
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