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News Release: April 10, 2019

Region of Peel Partners with the Mowat Centre to Study the Changing Nature of Employment

Brampton, ON. (Apr. 10, 2019) – The Region of Peel has partnered with The Mowat Centre to conduct a socio-economic research study to better understand how the changing nature of employment is impacting municipalities, and risks to financial sustainability.

The study, titled Rethinking Municipal Finance for the New Economy (PDF), suggests that sweeping modernization to revenue generation is needed in order for municipalities to meet future spending obligations.

“Peel continues to be one of Canada’s fastest growing municipalities. As the economy and labour market evolve, we are proactively thinking on how municipal governments maintain fiscal capacity and flexibility by modernizing approaches to revenue generation,” said Stephen VanOfwegen, Chief Financial Officer and Commissioner of Finance. “Our goal is to ensure fiscal sustainability and property tax affordability of the services delivered to our residents. To that end, municipalities require a fair share of Canada’s economic growth and prosperity.”

Like the rest of Ontario and Canada, Peel Region’s economy is in transition:

These trends are likely to further strain municipal revenues due to several factors:

If these trends continue, property taxes will become increasingly unaffordable for residents in the years ahead.

The report was presented to Regional Council on March 28 and was adopted in resolution. Findings of the report will also be shared with the Association of Municipalities of Ontario (AMO) and the Federation of Canadian Municipalities (FCM) as they are relevant for all Canadian municipalities in the broader context. This will inform a long-term education and advocacy strategy with both the federal and provincial governments.

Read the Rethinking Municipal Finance New Economy Report (PDF).

Media Contacts

Genevieve Ricciardella
Communication Specialist
Region of Peel
905-791-7800, ext. 4672

The Region of Peel works with residents and partners to create a healthy, safe and connected Community for Life for approximately 1.5 million people and over 175,000 businesses in the cities of Brampton and Mississauga and the Town of Caledon. Peel's services touch the lives of residents every day. For more information about the Region of Peel, explore and follow us on Twitter @regionofpeel and Instagram