Monday, July 20, 2015 9:00 am ·  0 Comments
By Gary Carr
On July 15, Halton Regional Council approved the 2016 Budget Directions Report projecting a 1.9 per cent tax increase for Regional services, which would continue Halton’s track record of keeping tax increases at or below the rate of inflation. This document also describes the budget principles that will guide the preparation of the 2016 Halton Region Budget and Business Plan.
The Budget Directions Report helps Halton create a transparent and cost effective Budget and Business Plan for the coming year. Under these guidelines, the 2016 Budget will preserve our strong long-term financial position and AAA credit rating while keeping taxes low. It is the first step in drafting a budget that promotes a high quality of life for everyone in Halton.
The Report is a key resource to ensure that the upcoming budget will align with plans, policies and targets approved by Regional Council. It also outlines how the budget will support the Region’s commitment to governing for the future, a strategic priority area in the Halton Region Strategic Action Plan 2015-2018: Shaping Halton’s Future.
Some Tax Budget priorities and pressures (from programs funded by property taxes) highlighted by the Report include:
Some Rate Budget priorities and pressures (from programs funded by water and wastewater service fees) highlighted by the Report include:
The 2016 Budget and Business Plan will be reviewed by standing committee between December 1 and 3, 2015. The Budget is scheduled for consideration by Regional Council on December 16, 2015.
To learn more about budgets at Halton Region or to review the 2015 Budget & Business Plan, please visit halton.ca/budget.
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