Topic
municipal finance
6 stories related to this topic, newest first.
winnipegfreepress.comsports12 days ago
Toronto and Vancouver Resell FIFA Ticket Packages at Profit to Offset World Cup Hosting Costs
The city is selling its share of FIFA packages purchased last year to generate revenue and avoid using property tax dollars for a tournament now projected to cost $380 million.
winnipegfreepress.comfinance25 days ago
New Brunswick introduces formula to adjust municipal property tax rates with assessments
The province will apply an automatic rate reduction when assessments rise faster than inflation. Municipal councils must vote publicly to override the adjustment.
nypost.comworld35 days ago
Real Estate Taxes Provide Nearly Half of New York City Locally Generated Revenue
Real estate and related taxes generated a record $39.6 billion in fiscal 2025, accounting for nearly half of locally generated tax revenue. The Real Estate Board of New York released updated figures showing the sector's contribution to city budgets.
montrealgazette.compolitics39 days ago
NYC Mayor Removes Property Tax Increase From $124.7 Billion Budget
New York City Mayor Zohran Mamdani released an executive budget for fiscal year 2027 that closes a $5.4 billion gap without raising property taxes on most owners. The plan relies on $4 billion in state support, a new tax on expensive second homes, and agency savings. Officials sa…
Substrate placeholder — needs reviewworld74 days ago
S&P Global Ratings Lowers Credit Rating on New Orleans Amid Financial Challenges
S&P Global Ratings has reduced New Orleans' credit rating by one notch due to ongoing financial difficulties. The downgrade reflects the city's struggles with budget shortfalls and pension obligations. This action highlights broader fiscal pressures facing the municipality.
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Substrate placeholder — needs reviewworld76 days ago
US Cities Face Challenges in Funding Worker Pensions and Public Benefits
Major US cities including New York and Chicago are encountering difficulties in sustaining increases to workers' pensions alongside expanded public benefits. Economist Allison Schrager, in an opinion piece, argues that such expansions are not financially viable. The analysis high…
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