BRAMPTON, ON: The City of Brampton’s Budget Committee today started reviewing the 2016-2018 preliminary business plans and budgets. The total impact of Budget 2016, as presented, will amount to an overall 3 per cent increase on the residential property tax bill in 2016. This will include the preliminary proposal of a 2.3 per cent increase in the City’s portion, 0.7 per cent increase as proposed by the Region of Peel and no increase in the provincial education rate.
The Budget Committee will continue to scrutinize and evaluate the preliminary budget on the following dates:
• Wednesday, October 14
• Monday, October 19
• Tuesday, October 20
All meetings will be held in Council Chambers at Brampton City Hall starting at 9:30 am. Residents are encouraged to attend and provide input. Those who are unable to attend can provide their input in other ways. For instance: try the Budget Allocator that is available on www.brampton.ca/budget.
Brampton Council will approve Budget 2016 at a Special Council Meeting on Wednesday, December 9 at 7 pm. Leading up to that meeting, final deliberations will take place on the following dates:
• Monday, November 30, 1:00 pm
• Tuesday, December 1, 1:00 pm
• Wednesday, December 2, 7:00 pm
• Thursday, December 3, 3:00 pm
• Friday, December 4, 10:00 am (tentative, if required)
Municipalities have limited revenue sources and very strict rules on how and where these revenues may be used. Revenue sources include property tax; user fees such as transit fares; development charges; and federal/provincial grants.
User fees can only be used for operating expenses that include the day to day expenses of running a municipality; development charges can only be used for growth-related capital investment such as new recreation facilities and roads. Property taxes are the main source of revenue that funds City programs and services and can be used to fund both operating and capital expenses. Typically, Federal and Provincial grants can only be used towards capital infrastructure and come with restrictions on the types of projects that they can be applied to.
For up-to-date information and key dates visit www.Brampton.ca/budget, follow us on Twitter @CityBrampton or call 311. Help shape Budget 2016. Your city. Your tax dollars. Get involved.
About Brampton: The ninth-largest city in Canada, Brampton celebrates a diverse population that represents people from 209 distinct ethnic backgrounds who speak 89 different languages. Brampton residents and visitors have access to state-of-the-art recreation facilities and one of the fastest-growing transit systems in Canada. Opened in 2007, Brampton Civic Hospital is part of the William Osler Health System, which is one of the largest community hospitals in Canada. For more information, visit www.brampton.ca or follow @CityBrampton on Twitter.
Sr. Media Coordinator
City of Brampton 905.874.2143 |email@example.com