Community Dashboard: Operating revenue dedicated to debt servicing costs
Rationale and analysis
Why this measurement is important
Only debt is used to fund capital expenditures, with a provincial allowable limit of 25% of revenues.
How we measure this data
As overseen by Corporate Services, Financial Management and Planning.
Progress and advancements
The target of less than 10 per cent is based on Ministry of Municipal Affairs and Housing bands where less than 10 per cent represents a moderate risk target.
In 2021, Niagara Region met its target of remaining at or below 10 per cent, which is well below the allowable provincial limit of 25 per cent.
About this indicator
This indicator reflects the debt servicing costs of principal and interest payments as a percentage of total operating revenues and shows how much of each dollar raised in revenue is spent on paying down existing debt.
More information
© Niagara Region - 1815 Sir Isaac Brock Way, Thorold, ON, L2V 4T7 - Phone: 905-980-6000, Toll-free: 1-800-263-7215
