Excerpt: But the the fierce competition created between municipalities is manisfesting itself through the introduction of municipal-based incentives in addition to provincial subsidies. Mayor Francis’ proposed community-wide improvement plan is one such example.
Other Canadian provinces are following Ontario’s lead and implementing their own feed-in-tariff program. One would expect over time, other municipalities will implement their own incentive packages, leading one to ask where does it all end or will each respective level of government attempt to outbid the other in escalating costs to taxpayers?
And based upon the mounting job losses in the US and Europe in the wind turbine manufacturing sector, there is cause for concern that an industry supported by incentives, may continue to rely upon incentives.
Compounding the issue further is the lack of transparency regarding incentive-based economic development. Though taxpayers are footing the bill – either directly or by foregoing future tax revenues – they seem to be the last to know (if they ever find out) the finer details of these arrangements. Read the entire article here