On Dec. 8, Regional Council approved its 2017 budget of $1.1 billion, with $479 million coming from Niagara's tax and rate payers. This budget is focused on balancing taxpayer affordability with the need to maintain critical services and infrastructure, all while investing in strategic areas that will support a more prosperous Niagara.
Residents will see a two per cent increase on the Regional portion of their property tax bill next year. For the average household with a home assessed at $240,500, the Regional portion of their tax bill will increase by $28 in 2017, totaling $1,427 a year.
2017 Budget Highlights
The $901 million operating budget provides funding for the Region’s programs and services and pays for investments in new areas that will support economic prosperity. Some of the 2017 highlights including:
Regional Council also approved the 2017 capital budget of $206 million to support the following significant infrastructure projects:
"Regional Council worked hard to ensure the 2017 budget balanced the need to make strategic investments in our communities and program delivery with the need to keep property taxes as affordable as possible. This budget enables us to advance critical initiatives across our region, invest in our current and future infrastructure and help ensure we are working towards a state of economic prosperity for all of Niagara."
~ Alan Caslin, Regional Chair
"As Budget Chair, I’m pleased our 2017 budget is one that respects our ratepayers, while ensuring we continue to invest in the programs, services and infrastructure that are so important to helping make Niagara prosperous. Targeted investments like a one per cent dedicated infrastructure levy will allow us to directly address what we heard from our public engagement. Council and staff have invested considerable effort in getting us to this balance and together, we believe this budget provides the resources needed to drive forward a number of significant strategic investments for Niagara’s future."
~ Regional Councillor, David Barrick, Budget Review Committee of the Whole Chair
"I’m immensely proud of the work completed by all staff to arrive at this 2017 budget. Well-developed budget planning is a hallmark of Niagara Region, a fact evidenced by the finance team receiving the Distinguished Budget Presentation Award from the Government Finance Officer Association. I am looking forward to the exciting projects and initiatives that will flow from the 2017 budget and ensuring we are moving Council’s strategic priorities forward."
~ Carmen D’Angelo, Chief Administrative Officer
905-980-6000 ext. 3371
Corporate Communications, Niagara Region
905-980-6000 ext. 3198