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Provision and Finance of Infrastructure

In: Local Public Finance and Economics

Author

Listed:
  • Harry Kitchen

    (Trent University)

  • Melville McMillan

    (University of Alberta)

  • Anwar Shah

    (Brookings Institution)

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.

Suggested Citation

  • Harry Kitchen & Melville McMillan & Anwar Shah, 2019. "Provision and Finance of Infrastructure," Springer Books, in: Local Public Finance and Economics, chapter 0, pages 207-251, Springer.
    • Handle: RePEc:spr:sprchp:978-3-030-21986-4_7
    DOI: 10.1007/978-3-030-21986-4_7
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    Cited by:

    1. Gross Marta & Dudzińska Małgorzata & Dawidowicz Agnieszka & Wolny-Kucińska Ada, 2024. "Transportation Management in Urban Functional Areas," Real Estate Management and Valuation, Sciendo, vol. 32(3), pages 1-19.

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