Ontario's fiscal watchdog estimates 45 per cent of municipal infrastructure in the province needs repairs, which it says will cost about $52 billion. In a report published Monday, the office looked at the condition of municipal infrastructure and costs as of last year to keep assets in good repair. "Postponing repairs raises the risk of service disruption and increases the costs associated with municipal infrastructure over time," the report said. Toronto had the lowest backlog in provinceThe FAO estimated the total value of municipal infrastructure looked at in the report was $484 billion in 2020. The report didn't look at municipalities' fiscal capacity to eliminate the infrastructure backlog or assess current infrastructure against demand or future expansion needs.

Source: CBC News August 17, 2021 18:17 UTC