Overview | Regional Services | Priority Service Needs | Investing In Community | Tax Dollars At Work |
A Changing Environment | Council Presentations | Complete Budget Document |
Overview
The Region provides a range of community and infrastructure services that address the priority needs of approximately 1.3 million people and 86,000 businesses in Brampton, Caledon and Mississauga. These services are supported primarily through property tax and utility (water and wastewater) rate contributions as set out in the Annual Budget.
$1.7 Billion Current Operating Budget
Provides resources to support day-to-day operations.
$856.1 Million Capital Budget
Provides resources to acquire, improve or maintain land, buildings, roads, watermains, pumping stations, machinery and equipment, to install computer software, and to conduct studies relating to corporate assets.
2012 Property Tax Impact
For Residents:
Peel’s area municipalities (Brampton, Caledon, Mississauga) issue a single tax bill. This bill includes the Region of Peel, the Town/City, and Education.
The Region represents 43.7% of the total tax levy for Peel residents.
Residential property owners will see a 0.6% tax increase (or $22 per average household assessed at $388,500) for the Region’s portion of the municipal tax bill in 2012.
For Small Businesses:
The small business owner in Peel will see a 0.4% tax increase (or $41 per average small business assessed at $500,000).
2012 Utility Rate
For Residents:
The residential utility rate for water and wastewater services will increase 8% (or $37 increase per average household).
For Small Businesses:
The small business owner in Peel will see an increase of 8% on the Utility Rate bill (or $91 per average small business).
Revised: Friday February 24 2012
