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Tag: shortfall

Guelph Faces $227M Shortfall in Next Decade Due to Provincial Changes

Guelph Faces $227M Shortfall in Next Decade

Guelph is bracing for potential financial challenges in the coming years, with a projected shortfall of tens of millions of dollars for essential infrastructure projects. The situation arises from changes introduced by Ontario’s Bill 23, the More Homes Built Faster Act, which impacts the city’s ability to collect development charges from builders to fund vital …