I object to this proposed…

I object to this proposed legislation for the following reasons:
Municipalities should be left to determine what is best for their own community in regard to development charges reserve funds. Requiring them to spend 60% of these funds at the start of every year does not allow them to save up needed funds for major infrastructure builds or refurbishments. With the effects of climate change, including destructive storms, etc. these funds will be in even more demand. The reduction of these charges will force municipalities to either cut services or raising taxes on existing residents. In addition, there is nothing in this legislation that requires developers to pass on these savings to homebuyers.
I also object to the proposed reduction of parkland required within developments. If nothing else, COVID-19 has shown us the importance of our green spaces. We need these areas where we live, They are part of a healthy environment and are essential for our well-being. As our urban areas become more dense, we need more parkland, not less. Allowing private lands to count as parkland doesn't make sense. Municipalities should be left to determine what is best for their community in regard to parkland reserve funds. Requiring them to spend 60% of parkland reserve funds at the end of every year does not allow them to save up enough to purchase land or to create parks.