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Peel Region

News release: February 2, 2023

Region of Peel's 2023 Budget Approved by Council

Brampton, ON - (February 2, 2023) – Today, Regional Council approved the 2023 Operating and Capital Budget, investing in the community and preparing Peel for the future.

The development of the 2023 Budget was guided by the strategic plan, with priority focused on the challenges Peel is facing as a growing community with increased service demands. Ongoing challenges include heightened inflation, supply chain issues, 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 2023 Budget includes a property tax increase of 2.8 per cent for the Regional portion. This will contribute an annual increase to the typical residential property and commercial/industrial property tax bills of $144 and $255 respectively.

Additionally, the average home will see an increase to their utility bill of 16¢ per day (or $58 per year), while the average commercial/industrial property will see an increase of 42¢ per day (or $152 per year).

Community Investments Overview

The 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:

Service investments to support the community

Peel Regional Police

Ontario Provincial Police - Town of Caledon

Paramedic Services

Housing Support

Waste Management

Seniors Services

Public Health

Early Years and Child Care

Water and Wastewater


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 Continuous Improvement Program contributes to a strong culture of driving value, efficiency, and innovations at all levels of the organization and is directly tied to the Region’s annual budget process.

Additional resources

The 2023 Budget maintains services and invests in the community while ensuring the challenges that Peel is facing are a top priority. We’ve passed a budget that invests responsibly in core service levels, promotes community safety, and protects the vulnerable, while also striving for innovation and efficiencies at all levels to mitigate the increase to property tax bills.

Regional Chair, Nando Iannicca

The Region was confronted with a host of global economic and political uncertainties in 2022 that challenged our plans and assumptions about the future. As a result, the 2023 Budget very much focuses on stabilizing services by putting forward a plan to make investments in a number of critical areas for our growing Region.

Chief Financial Officer and Commissioner of Corporate Services, Gary Kent

Media contact

Genevieve Ricciardella
Communications Specialist
Region of Peel

About Peel's transition

The Ontario government announced the dissolution of Peel Region and the establishment of a Transition Board (TB) as part of Bill 112. The Transition Board was appointed to provide recommendations to the Minister of Municipal Affairs and Housing on a range of restructuring matters related to the dissolution of Peel Region to make Mississauga, Brampton and Caledon independent municipalities by January 1, 2025.

To learn about the Transition Board, how it will make these recommendations, and to provide feedback to the Ministry of Municipal Affairs and Housing, visit Ontario's Peel Region Transition Board website.

During our transition, Peel remains committed to providing services to residents and businesses. For information about our transition, visit Peel's transition website.

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 200,000 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