2012 Regional Budget Overview
Regional Council passed the 2012 operating budget of $294.5 million and capital budget of $149 million on Dec. 1, 2011.
An average homeowner with a property assessed at $219,732 would see a increase of $41 in Regional taxes.
2012 Budget Documents
Water, Wastewater and Waste Management
Water, wastewater and waste management rates were also approved as part of the budget:
||.02 per cent increase
|| 4.3 per cent increase
||.24 per cent increase
Investments Highlights in the 2012 Budget
The 2012 budget includes funding for number of key projects, including:
- Inter-municipal transit (Niagara Region Transit)
- Supporting on-going affordability initiatives through the Responsive Region Improvement Team, concentrating on process improvements
- Funding a new economic development model that will support job creation t
- Increased funding for Smarter Niagara Incentive Programs from $750,000 to $1 million
- Support sustainable community development by leveraging private sector investment
- Supporting the recent Cultural Capital of Canada designation
- Investing $56 million in water and wastewater treatment
- Investing $37 million in Regional road rehabilitation
- Expanding waste management diversion initiatives, including the public space recycling and multi-residential organics programs
- Funding to community services, supporting an average of 77,228 clients a day
- On-going funding for public health initiatives
Understanding the Budget
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.