If you live in Peel (Brampton, Mississauga or Caledon), you can expect to see some increases in your utility bills in the future.
Last week, Regional Council approved its 2021 Operating and Capital Budget and a property tax increase of 1.02 per cent. The 1.02 per cent hike will go along with the increases approved–or about to be approved–by individual municipalities in the region.
At a Nov. 23 budget committee meeting, city staff proposed a fairly modest property tax increase of just 1 per cent for homeowners in Mississauga. City council could approve the Mississauga’s side of the increase later this month.
Brampton has frozen property taxes for the third time.
The region’s portion of the residential property tax bill will translate to an annual increase of $50 for homeowners. Small business property tax bills will be $89 higher, according to the region.
As far as utility bills go, the region says the average home will see an increase to their utility bill of 12 cents per day (or $43 per year), while the average small business will see an increase of 30 cents per day (or $111 per year).
“The 2021 Budget maintains and improves services, invests in people and prepares the Region for the future. This year, we’ve passed a budget that invests responsibly in core service levels, promotes community well-being, and protects the vulnerable, while striving for efficiency to mitigate the increase to property tax bills,” said Regional Chair Nando Iannicca in a statement.
The region says the budget includes investments of $3.7 billion that will cover paramedic services, deliver 744,000 accessible transportation trips, fund Peel Regional Police, deliver water to residents and maintain waste management services and more.
The region says the budget also includes affordable transit subsidies for low-income individuals in Brampton and Mississauga, homelessness supports, dental services for low-income seniors and tax relief for low-income seniors and those with disabilities.