The 2013 Operating and Capital Budget for the Region of Peel have been prepared to provide Regional Council and the public with the resources to advance Peel's Strategic Plan and Term of Council Priorities through its programs and services.
The 2013 Region of Peel Operating Budget totals $1.9 billion, and the Capital Budget totals $930 million, inclusive of the Tax and Utility Rate Budgets. The table below provides the property tax and utility rate impact on Peel residents.
|Average Residential||Average Small Business|
|Property Tax Impact of 0.5%*||$22||$38|
|Utility Rate Impact of 7%**||$32||$81|
| * average home assessed at $409,500 and average small business value at $500,000
** average residential consumption at 310m3 and average small business consumption at 727m3
Peel's area municipalities (Brampton, Caledon, Mississauga) issue a single tax bill that includes the Region of Peel, the Area Municipality and Education.
The residential utility rate for water and wastewater services is issued by the Region of Peel, separate from the property tax bill.
The 2013 Budget for the Region of Peel represents an appropriate balance between meeting community needs, and maintaining long term financial sustainability while minimizing the impact on Region of Peel tax and rate payers.
Revised: Tuesday March 05 2013