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