Brampton City Council unanimously approved the 2013 Budget on December 20, 2012. Challenged with continuing uncertainty in the economy, the approved budget focuses on funding programs and services that are priorities for Council and residents, while limiting the impact to taxpayers to no more than last year. The City of Brampton’s 2013 current operational budget is $491 million and its capital budget is $246 million.
Based on the Region of Peel’s approved 0.5% tax increase and assuming no change in the Education tax, the total property tax bill for a Brampton resident would increase by 2.5% (same as 2012). This combined impact is in line with the current rate of inflation as measured by the City of Brampton’s Municipal Price Index of 2.6%.
There are three components (Region, City and Education) to the overall property tax bill, of which the City of Brampton’s portion is 42%. For 2013, 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 $79 tax increase on the City portion of a 2013 average property with an assessed value of $347,000 (2012: $330,000).
2013 Budget Highlights
Enhancing bus rapid transit - Züm service delivery
Improving recreation and library facilities - Gore Meadows Community Centre & Library
Ensuring public safety - Fire Station 211 in Bram East
Promoting healthy lifestyle - new parks and pathways
Managing growth - target roads program in key areas