Regional Council passed the 2011 operating budget of $282.8 million and capital budget of $135.2 million on March, 3, 2011.
An average homeowner with a property assessed at $210,000 would see a decrease of $18.35 in Regional taxes.
The budget actually represents a total tax levy increase of .10 per cent over 2010, but after assessment growth of 1.47 per cent, residents will see a decrease in property taxes of almost 1.37 per cent.
Water, wastewater and waste management rates were also approved as part of the budget:
|Water||No change (0 per cent increase)|
|Wastewater||1.7 per cent increase|
|Waste Management||2.4 per cent increase|
The 2011 budget includes funding for number of key projects, including:
Niagara Region's budget has two components: the operating budget and the capital budget.
The operating budget pays for the daily business of the Niagara Region and its boards and agencies. The capital budget pays for things like roads, water treatment plants, sewers, buildings, machinery and equipment.
Learn more about how the budget works.