On December 14, 2011, Brampton City Council approved the 2012 Budget. Challenged with a still uncertain economic climate, the approved budget focuses on funding programs and services that are priorities for Council and residents. The City of Brampton’s 2012 current operational budget is $455 million and its capital budget is $191 million.
Based on the Region of Peel’s approved 1.3% tax increase and assuming no change in the Education tax, the total property tax bill for a Brampton resident would increase by 2.5% (down from 2.6% in 2011) and well within the current rate of inflation of 2.9 %.
There are three components (Region, City and Education) to the overall property tax bill, of which the City of Brampton’s portion is 41%. For 2012, the City requires a tax increase of 4.9% which translates into a 2.0% increase on the total tax bill. This works out to an approximate $75 tax increase on the City portion of an average residential assessment of $330,000 (2011: $320,000).
The 4.9% provides for a 3.9% budgetary increase for the continued maintenance of existing service levels and an additional 1% levy dedicated to addressing the City’s infrastructure deficit. $1 million has also been set aside in a special reserve for the redevelopment of Peel Memorial Hospital.
2012 Budget highlights include:
- Enhance bus rapid transit - Züm service delivery
- Improve recreation and library facilities - Bram East for 2012 opening
- Promote healthy lifestyle – new parks and pathways
- Manage growth – target roads program in key areas
- Phase-in SWQ annual costs - in accordance with Council-approved plan
- Contribution of $1 million to a Special Reserve for the future redevelopment of Peel Memorial Hospital