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Corporate Finance

Growth Development Charges

2016 Growth Study

The City of Winnipeg has gone through a period of growth that has impacted the City’s operating and capital costs and revenues. This growth is placing pressure on public infrastructure and the need for City Council to invest in additional capacity to accommodate growth. At the same time, the condition of existing infrastructure is deteriorating. Both of these factors create an infrastructure deficit that the City has to address. Currently, our only option is to fund both deficits with the property tax. As such, the City is looking to determine the relationship between growth-related costs and revenues.

To that end, the City has asked a consulting firm to conduct industry consultation, provide an analysis of best practices across other municipalities, and an exploration of growth-related costs and revenues.

The consultant will be requested to provide recommendations regarding financial mechanisms that would best serve in supporting growth management and implementation options.

The Public Service’s position is that the City has the statutory authority to create one or more new, innovative financial mechanisms to support growth management without the need to raise taxes on Winnipeggers.

The City will receive the final report on August 31, 2016.

In previous years, the City conducted similar research, including on Growth Development Charges, but not one of similar scope.

Presentations

Reports

Last update: September 1, 2016-->
Over the last ten years

Population Growth:
68,000 people, 10% increase


Job Creation:
48,000 jobs


Economic Growth:
21% Real economic growth

Housing Starts
(2006-2015)

Single: 14,449


Multiple: 15,473


Total: 29,922

Assessed Values Residential ($ billions)
2005 2015
18.5 60.5

227% increase over
10 years

Assessed Values Non-Residential ($ billions)
2005 2015
9.9 20.4

105% increase over
10 years