Provision and Finance of Infrastructure

Harry Kitchen (), Melville McMillan and Anwar Shah
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Harry Kitchen: Trent University

Chapter Chapter 7 in Local Public Finance and Economics, 2019, pp 207-251 from Springer

Abstract: Abstract This chapter discusses local public infrastructure provision and finance. Local governments provide a notably large share of government infrastructure. This increases the importance of their financing. Infrastructure funds may be drawn from a variety of internal sources including operating revenues (local taxes and user fees), earmarked taxes, reserves, special charges consisting of specific assessments, development charges, and other exactions made up of value capture levies, density bonusing, linkage fees, and parkland dedication. External capital funding may come from tax incremental financing, grants, long-term borrowing in the form of general obligation bonds, revenue bonds, tax-exempt bonds, and public-private partnerships. Each of these instruments is evaluated within the benefits received model of public finance.

Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-21986-4_7

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DOI: 10.1007/978-3-030-21986-4_7

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