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Four Canadian Cities Flunk Budget Transparency – Four Make the Honour Roll

“Clear budgeting isn’t just a technical issue, It’s a basic requirement of good governance”


April 15, 2025 – Many of Canada’s biggest cities struggle with the basics of financial transparency, says a new report card from the C.D. Howe Institute. The annual Institute report grades the fiscal transparency and accountability of 32 major municipalities. This year, four earned top marks, while four flunked outright.

In “Could Do Better: Grading the Fiscal Accountability of Canada’s Municipalities, 2024,” William B.P. Robson and Nicholas Dahir assess how clear, timely, and useful city budgets and year-end financial statements are. The results show wide disparities.

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