On behalf of Corporate Services and the Budget Review Committee, we are pleased to present the 2016 levy, rate and capital budget summaries, approved by Regional Council on Dec. 3, 2015.
Regional Council approved a net zero per cent tax increase. For the average household with a home assessed at $240,500, the Regional portion of your tax bill will remain unchanged from 2015 at $1,399.
The 2016 net operating budget of $325 million maintains all current programs and services and provides funding for new and enhanced services that will support economic prosperity, including:
The gross operating budget for Niagara Region is $880 million.
The $165 million capital budget will support the following significant infrastructure projects in 2016:
The total of all operating and capital budgets contribute to the Region's total 2016 budget of $1 billion.
We would like to extend our appreciation for the support provided by staff and Council, and for their dedication to the budget process.
Treasurer, Commissioner of Corporate Services