Regional Council has approved the 2020 Operating and Capital Budget. The 2020 Regional Budget includes a property tax increase of 1.5 percent which will contribute an annual increase to the average residential property and small business property tax bills of $70 and $126 respectively. Additionally, the average home will see an increase to their utility bill of 15¢ per day (or $51 per year), while the average small business will see an increase of 36¢ per day (or $132 per year).
The 2020 Budget includes operating investments of $2.6 billion and capital investments of $1.1 billion to support and advance Council’s long term vision for Peel. Budget highlights in 2020 include:
- +21,000 more accessible transportation rides
- +5,600 paramedic response calls
- Implementation of Butterfly model at Tall Pines
- Expansion of EarlyON services for 6,000 children and parents
- 900 more residents receiving affordable transit
- Moving towards 75% 3R waste diversion target & 5,000 new households
- 35 more police officers to increase community safety
- Maintaining PAMA’s 100+ exhibitions
- Addressing 12,000 more housing units that are increasingly complex
- $3M temporary levy for community hub developments
Along with meeting the Capital and Operating needs of the Region, the budget provides funding to the three local conservation authorities (Credit Valley Conservation Authority, Halton Conservation Authority, and Toronto and Region Conservation Authority), Peel Regional Police, the Ontario Provincial Police and the Municipal Property Assessment Corporation. To learn more about the budget, visit peelregion.ca/budget.