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News release: January 19, 2023

Highlights from Day One of the Region of Peel's 2023 Budget Presentations

BRAMPTON, ON. (January 19, 2023) – Today at Regional Council, the 2023 Corporate Budget Overview was presented, along with the Peel Regional Police and Ontario Provincial Police budgets.

The 2023 Corporate Budget Overview highlighted some of the challenges Peel is facing as a growing community with increased service demands. Ongoing challenges include heightened inflation, supply chain issues (including the ongoing war in Ukraine and its impacts to global supply chains), and changing legislation (specifically Bill 23, More Homes Built Faster Act, 2022 which will see changes to the way that municipalities can collect development charges to fund infrastructure).

The proposed 2023 Budget includes investments of $5.0 billion to maintain current service levels for a growing population, while addressing priority community needs. Critical urgent needs being addressed include:

To address the challenges being faced, the 2023 Budget also reflects $4.0 million in savings and cost avoidances found through continuous improvement efforts and cost containment measures.

The 2023 Budget proposes an average property tax increase of 2.8% and a utility rate increase of 7.9%.

Next steps and more information

Media contact

Bethany Lee
Manager, Strategic Client Communications
Region of Peel

About Peel Region

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 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