2013 Regional Budget Overview
Regional Council passed the 2013 operating budget of $303.1 million and capital budget of $218.2 million on Dec. 7, 2012.
This will represent a 1.97 per cent increase to the Regional portion of your property tax bill.
An average homeowner with a property assessed at $217,831 would see a increase of $25 in Regional taxes, totalling $1,317 for Regional programs and services.
Water, Wastewater and Waste Management
Water, wastewater and waste management rates were also approved as part of the budget:
||2.47 per cent increase
|| 2.47 per cent increase
||2.79 per cent increase
* The increase to waste management is largely due to a decrease in recycling revenues. These impacts vary based on the municipality.
Investments Highlights in the 2013 Budget
The 2012 budget includes funding for number of key projects, including:
- $2 million funding for the new economic development office that will support business growth and job creation
- Increased funding for Smarter Niagara Incentive Programs to $1 million. To date, the investment of $7.2 million has given us a $73.1 million total investment from private sectors dollars
- $85,000 per year for the Pan Am games
- $100,00 for Niagara 1812 Bicentennial
- Investing $51 million in water and wastewater treatment, transmission and collection infrastructure
- $112 million transportation program, which includes $36 million in funding from the Federal and Provincial governments
- Expanding waste management diversion initiatives including residential construction and demolition material recycling and curbside collection of electronic recyclables
- Funding for 14 additional temporary case workers to help towards addressing the 47 per cent increase in Ontario Works caseloads since 2008
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.