June 2017
New Paper on Municipalities As Prudent Investors

2017-06-20 2:15:48 PM


The Institute on Municipal Finance and Governance has released a new paper examining prudent investor status, a new investment regime that will be available to some municipalities in Ontario following the passage of Bill 68. The paper explores how municipal prudent investor regimes work, and outlines some of the challenges and benefits associated with such an approach. According to the paper:

"Under the new system, financial investments may become an important source of income for Ontario municipalities, and may even transform how infrastructure investments and other expenditures are funded in the future. However, the change may also bring some risks that must be carefully considered. The key issue for the new municipal investment regime will be setting up the proper governance mechanisms for monitoring and controlling investments at the decision-making or implementation levels." 

Read the full paper here


 


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