Bill 23 would jeopardize the…

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019-6172

Comment ID

81054

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Bill 23 would jeopardize the ability of municipalities to use development charges as intended – to gather funds for large infrastructure projects to accommodate and support growth. It would do this by requiring municipalities to spend or allocate 60 per cent of reserve funds each year. This would make it impossible for municipalities to plan for creation of major affordable housing units through reserve funds gathered for that purpose.