Local fiscal autonomy in Toronto

Local fiscal autonomy depends on the extent to which local governments rely their own source revenues rather than intergovernmental transfers and also ability set tax rates. Compared other major cities around world, Toronto appears have a lot of because it is less dependent more reliant property taxes user fees. Nevertheless, its limited by provincial government restrictions how these fees are levied conditions imposed federal transfers. has fewer revenue-raising options many cities. This paper describes enjoys evaluates degree takes advantage in setting rates making financial decisions. The considers some challenges city now faces future road ahead. It can respond various external shocks with resources at disposal. concludes that, although autonomy, would benefit from having diversified revenue sources.