The gross budget is the total cost to deliver our programs and services. That includes everything from snow plowing to long-term care to the pens and paperclips the Region uses every day.
The net budget is the cost to deliver the Region’s programs and services, after accounting for all revenues and subsidies received. This is the portion of the budget that is paid for through Regional property taxes.
Watch this video to learn more.
The Region’s budget is a lot like your grocery bill.
Your total bill, or gross, at check out is $500. However, after you apply $150 worth of coupons, you are left with the net amount, which is $350.
Regional property tax dollars directly support the net levy budget. In 2015, the net levy operating budget was $321.9 million.
Of Niagara Region’s overall net levy budget: