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“York Region’s 2016 budget aligns with our Council-approved 2015 to 2018 Regional Strategic Plan and addresses our responsibility to manage $9.5 billion in infrastructure assets such as roads, service facilities and buildings,” said York Region Chairman and CEO Wayne Emmerson. “Our business plan balances the need to provide more services to our residents with the ability to pay for them, which we have achieved, while keeping the tax increase consistent with the outlook in last year’s budget.”
The 2016 budget includes a 2.85 per cent tax increase, representing an additional $63 for an average residential property in York Region.
Budget Highlights
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17 York Regional Police officers and five civilian staff to address population growth, provide responsible and sustainable service and continue focus on changing demographics within the Region
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20 Paramedic Services staff to respond to increasing call volumes
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$721 million to build, expand, maintain and improve roads from 2015 through to 2018
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$1.6 billion investment in transit infrastructure with federal and provincial partners from 2016 to 2020. York Region delivered $1.8 billion in transit infrastructure over the past five years
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$2.3 billion in water and wastewater infrastructure over the next 10 years. York Region delivered $1.8 billion in water and wastewater infrastructure over the past five years
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New water and wastewater user rates passed by Council in October 2015 ensure user rate revenues will fully recover the costs of maintaining and providing water and wastewater services by 2021
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Outstanding debt will peak at $2.9 billion in 2017, which is $2.3 billion less and three years earlier than the peak debt forecasts from 2013
(Source：The Regional Municipality of York) |
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