Imagine Cities |FUNDING
As people increasingly choose to live in urban centres, municipal governments will have to support that growth. As a result, cities are facing challenges when it comes to financing infrastructure (i.e. public transit, road repairs) as well as programs and services (i.e. employment support, library staff) to meet the growing needs of urban life. This not only includes municipal governments, but also nonprofit organizations and civic minded communities. The financial support needed to mitigate the impact of climate change also adds to the financial burden cities face (i.e. flood protection). There is great creativity and imagination needed to determine how to meet the needs of cities, but it also takes creativity and imagination to pay for that need. While governments tap into a tax base and use innovative financing mechanisms, citizens also have a number of avenues to fund their projects such as various levels of government, not-for-profits, charities, foundations, companies, and crowdsource.