News Release: April 27, 2018
Region of Peel Releases 2018 Financial Condition Scorecard
BRAMPTON, ON. (April 26, 2018) – The Region of Peel has released their 2018 Financial Condition Scorecard, confirming that the Region is financially healthy. The scorecard is based on the Region’s Long Term Financial Planning Strategy, which is used to identify and manage risks to long-term financial sustainability and inform decision-making about how tax dollars are spent.
“Financial transparency is critical. I am pleased to release the Region’s 2018 Financial Condition Scorecard, confirming that the Region is financially healthy today,” said Stephen VanOfwegen, Commissioner of Finance and Chief Financial Officer. “I look forward to keeping our residents informed on our progress to create a healthy, safe and connected community in Peel through strong financial stewardship, innovation and reporting.”
Some highlights of Peel’s financial condition include:
- The Region has maintained AAA credit rating by S&P and Moody’s
- The 2017 Focus GTA survey indicates that 75 per cent of residents consider the programs and services offered by the Region are good value for their tax dollars
- The Region is on track with 9 of 12 targets and is taking action to mitigate potential longer term risks ensuring continued financial health
Download the 2018 Financial Scorecard.
Media Contacts:
Genevieve RicciardellaSpecialist, Corporate Communications
Region of Peel
905-791-7800, ext. 4672
About Peel Region
In 2024, Peel Region marks its 50th anniversary. Peel Region works with residents and partners to create a healthy, safe, and connected Community for Life for approximately 1.5 million people and over 200,000 businesses in Brampton, Mississauga and Caledon. Peel's services touch the lives of residents every day. For more information explore peelregion.ca and follow us on X @regionofpeel and Instagram @peelregion.ca.
On December 13, 2023, the Ontario government announced that Peel Region will not be dissolved, and that Bill 112 legislation will be updated to reflect service delivery in Peel. Services for residents and businesses will continue without interruption. For updates and more information, visit Peel's transition page.
