Brampton City Council unanimously approved the City of Brampton’s 2021 Budget at a Special Council Meeting on Wednesday, December 9th.
This is the third consecutive year that this Term of Council will deliver a 0% property tax increase to fund the City’s Budget, while making a record contribution of $114M to reserves.
Alongside the third consecutive tax freeze, the City continues to invest in infrastructure and transit through dedicated levies and a record contribution to reserves in this budget, ensuring sustainability in its asset base and meeting growing demands for transit. The contribution to reserves also includes the stormwater charge revenue, resulting in a $114M investment in capital works through the 2021 budget.
By the numbers
- The approved 2021 Budget will result in a 0% property tax freeze on the City’s portion of the tax bill.
- The City’s net operating expenditures are increasing by $13.4M. This will be funded through assessment growth and a lower baseline budget.
- The total 2021 Budget is $1.2B, consisting of a $767M Operating budget (salaries, maintenance, utilities, reserves) and a $476M Capital budget (purchase, major repair and replacement of assets: roads, buildings, etc.).
- The City’s Budget includes the largest-ever annual contribution of $114M to City reserves, strengthening financial position and preparing for future contingencies and emergencies, and supporting infrastructure and transit
- $26.1M over three years as part of City investment with the Riverwalk project in downtown Brampton to boost economic opportunities and mitigate flood risks
- $10M to support healthy community living
- $1.5M over three years to implement the Environmental Master Plan, to expedite the implementation of climate change, sustainability, and natural heritage priorities
- $250,000 to continue the Community Garden and Backyard Garden Programs, eco-friendly initiatives to help support food security
- Eight replacement buses to maintain fleet reliability; 40 new transit shelters; $175M towards third transit maintenance and storage facility to meet future growth
- Strengthening the Innovation District in downtown Brampton by attracting activity through: Brampton Entrepreneur Centre, Rogers Cybersecure Catalyst, Ryerson Venture Zone, Research Innovation and Commercialization Centre
- Strengthening Enforcement resources to keeping our community safe and responsive to increased demand in service
Budget Highlights can be viewed here.
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