Budget 2015

Budget 2015 Approved

Brampton residents will see an increase of 3.26 per cent on their overall tax bill.

At a special meeting of Council on April 8, 2015, Council approved a 2015 net tax levy increase of 5.79 per cent on the City’s portion of the property tax bill:
  • 3.79 per cent for operational needs
  • 2.00 per cent for infrastructure repair and replacement
 

When taking into account the Region of Peel’s 1.9 per cent net tax levy increase and no change in the Education – School Boards component, the overall property tax bill will increase 3.26 per cent:

  • 2.00 per cent for operational needs
  • 1.26 per cent for infrastructure repair and replacement
 

For the average residential property assessed at $381,000 this equates to an increase of $134 per year on the overall tax bill:

  • $82 for operational needs
  • $52 for infrastructure repair and replacement
 

Approved for 2015 is:

  • An operating budget of $570.5 million
  • A capital budget of $107.1 million