For Immediate Release
February 15, 2001
Treasurer and Commissioner of Finance
Region of Peel
905-791-7800, Ext. 4258
2001 REGIONAL BUDGET PROPOSAL HIGHLIGHTS:
NO TAX OR UTILITY RATE INCREASES
(Brampton) - The proposed Region of Peel's 2001 Current and Capital Budget, submitted today to Regional Council, recommends keeping the Region of Peel 2001 average tax rates at 2000 levels and also freezing water and sewer rates at last year's level.
"This budget is good news for Peel citizens," said Regional Chair Emil Kolb. "We have met the challenge to provide increased service to our rapidly-growing population while maintaining a commitment to fiscal responsibility." Chair Kolb added that, while well-managed, the Region must consider the partnerships with other levels of government that need to be established and maintained to successfully offset pressures created by explosive growth, and increased housing and transportation needs.
Proposed 2001 total annual spending of $1.0 billion includes $786.7 million for operating purposes and capital expenditures of $232.2 million.
"The proposed Regional budget for 2001 responsibly addresses increased service needs and continues to accommodate the growth pressures experienced by our Region-wide essential services and newly downloaded programs," said Regional Chief Administrative Officer Roger Maloney. "We are extremely proud of our ability to meet this challenge."
To address increased service levels, this year's budget provides for the construction of two new long-term care facilities, service enhancements associated with the assumption of land ambulance service delivery from the province, additional waste management initiatives to increase waste diversion, and costs associated with the devolution of social housing.
"Regional employees are unsurpassed in their dedication to customer service while providing quality, cost-effective programs and services," said Maloney. An outstanding example was the $2.6 million decrease in the Ontario Works program, due in large part to staff's dedication to maximizing every opportunity to reduce the caseload and assist clients in gaining employment. "Regional staff in every department stretch every resource to provide our essential services to Peel citizens, and I congratulate them," said Maloney.
"The 2001 Business Plan and our 10-year $1.7 billion Capital Plan reflects the financial management principles of sustainable financing which support the Region's Strategic Plan, Beyond 2000 - Directions for Peel's Future. We continue to be debt-free at the Region of Peel, and this budget continues our tradition of long-term sustainable infrastructure financing from reserves that positions the Region for continued economic growth," said Peel Region's Treasurer and Commissioner of Finance Joe Pennachetti.
Fiscal 2001 marks the fourth year in which the Region of Peel has contributed to the operation of GO Transit, since the provincial government included this service in its Local Service Restructuring (LSR) initiative.
Highlights of the proposed 2001 Budget include:
- No 2001 tax or utility rate increases
- 11 years of no increase for Peel's Directly Controlled Regional Programs (exclusive of Police and Welfare)
- Continuation of debt-free operations and sustainable fiscal management reserve policy
- Utility rate reduction of 2.7 per cent over seven years
- 10-year capital requirement of $1.7 billion met without new debt
The average homeowner pays $1,302 for Regional services and $275 in utility rates for water and wastewater services each year.
Regional services include: waste pick-up and disposal, Regional arterial roads, water, sanitary sewers, public health, Ontario Works, seniors services, children's services, social housing, GO Transit, disabled transit, heritage programs, Regional planning, land ambulance (as of Jan.1, 2001), 9-1-1 and Emergency Programs and Police Services.
"We are delighted about the strengths of today's Budget submission from Regional staff, but Council is also clearly interested in taking a longer view on use and reliance on revenues from assessment growth to ensure future sustainability," said Chair Kolb.
Council approval of the 2001 Regional Budget is expected on Feb. 22.
The Regional Municipality of Peel was incorporated in 1974 based on the principle that certain community and infrastructure services are most cost-effectively administered over a larger geographic area. The Region of Peel serves 985,000 citizens in the Cities of Mississauga and Brampton and the Town of Caledon.
NOTE TO EDITORS: Accompanying graphics are available in electronic format by calling
905-791-7800, Ext. 4106.
- 30 -Communication Services, 10 Peel Centre Dr., Brampton, ON L6T 4B9
Phone: 905-791-7800, Fax: 905-791-0595 , e-mail
| Home | News Releases | Corporate Overview | Regional Departments |
| Regional Council | Maps | Search |