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Municipal public debt in Ontario—where you live matters

Most discussions of public debt in Ontario revolve around the provincial government’s net debt, which for 2016-17 is estimated at $317.9 billion and in per capita terms amounts to approximately $22,800.However, Canada is a federation and multiple tiers of government come with multiple tiers of debt. Indeed, Ontarians must face the fact that their municipalities have also acquired substantial public debts. While per capita municipal debt in Ontario may appear modest relative to provincial debt, it varies greatly across its cities and regions. Where you live matters.Municipalities are creatures of the provinces and their debt level is regulated and monitored

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