Regional Council approved the 2014 Operating and Capital Budget of $3.3 billion which recommends an overall net tax levy increase of 1.5 per cent. The tax levy, when applied to the Regional portion (42 per cent) of the overall property tax bill, will result in a 0.6 per cent tax increase for property owners and businesses in Peel.
Utility users will see a 7 per cent increase to their water and wastewater bill - which translates to an annual increase of $39 for the average household and $94 for small businesses.
The 2014 Operating Budget of $2 billion includes expenditures to maintain existing service levels and to introduce enhanced services to meet increased community needs. Operating spending includes services such as garbage collection, police and paramedics, long term care homes and community support services for seniors, affordable housing, accessible transportation and roads, water and wastewater, child care subsidies and supports for children with special needs, public health initiatives, financial and employment assistance (Ontario Works), conservation, community investment initiatives and PAMA (Peel Art Gallery, Museum and Archives).
The 2014 Capital Budget of $1.3 billion provides the resources to acquire, improve or maintain major capital assets such as Regional road networks, waste management initiatives, water and wastewater treatment facilities and transmission mains, as well as the buildings and infrastructure to operate Regional services for the wider community.
For more information about the 2014 Budget, please visit: http://www.peelregion.ca/corpserv/stratplan/2014/budget.htm