The 2019 Budget is Approved
Investing in efficient, outcome-driven service our residents can count on
Earlier today, Regional Council approved the 2019 Budget – enabling the achievement of the Region’s vision of a Community for Life with investments balanced between the needs of residents and businesses, and the infrastructure needs of the broader community, advancing Council’s priorities and long-term objectives.
The 2019 Budget includes operating investments of $2.5 billion and capital investments of $1.3 billion to ensure current service levels are sustained.
The 2019 Budget includes a property tax increase of 1.1 per cent, which will contribute an annual increase to the average residential property tax bills of $52 and small business property tax bills of $93.
Additionally, there will be a 6.5 per cent increase to utility rates, which means the average home will see a $38 increase to their utility bill. The average small business will see an increase of $101.
Our utility rates remain the lowest in the Greater Toronto Area.
The 2019 Budget invests in better outcomes for residents and businesses as we continue to build a healthy, safe and connected community, strengthening a solid foundation to build a Community for Life.
For more information about the 2019 Budget, check out the following links: