Brampton Unveils Ambitious 2024 Budget to Foster Growth, Draft Open For Feedback
Efforts have been made to strike a balance between economic growth and essential investments in key areas such as public transit, healthcare, recreation, the environment, roads, infrastructure, and community safety.
Mayor Patrick Brown of the City of Brampton presented his inaugural budget under the recently enacted provincial legislation, the Strong Mayors, Building Homes Act, 2022. The official draft of the 2024 budget is now open for feedback from residents and businesses, marking a crucial phase in its development.
In a statement, Mayor Brown stated, “I am thrilled to unveil the 2024 budget, a strategic blueprint dedicated to building the Brampton advantage. This budget prioritizes critical investments in transit, healthcare, recreation, community safety, environment, and roads and infrastructure, ensuring a prosperous and vibrant future for every Brampton resident.”
“I’m proud to announce that this budget delivers a record contribution to reserves and the lowest tax increase in the GTA. Your feedback is crucial as we finalize this budget, reflecting our commitment to inclusive growth and a resilient community,” the statement further said.
Efforts have been made to strike a balance between economic growth and essential investments in key areas such as public transit, healthcare, recreation, the environment, roads, infrastructure, and community safety.
This annual budget has been shaped through extensive community engagement, including a pre-budget telephone town hall with over 5000 residents, ward Councillor coffee chats, and a business roundtable, which aligns seamlessly with the City’s strategic plan. It commits record-level investments into the community and addresses the priorities that matter most to its residents.
Public delegations and Council discussions are slated to commence on Tuesday, December 5, providing opportunity for further input and deliberation.
Highlights of the 2024 Proposed Budget
Affordability & Service Excellence
Despite the economic landscape, the proposed tax increase on the City portion of the tax bill stands at 1.9%, falling below the September 2023 rate of inflation (3.8%). This increase is notably lower than the Region of Peel (4.5%) and the City of Mississauga (2.3%), making it the lowest in the Greater Toronto Area (GTA).
The budget allocates $139 million, the largest-ever contribution to reserves, for sustaining and enhancing City buses, roads, recreation centers, public spaces, and other vital infrastructure assets.
The operating budget amounts to $913 million, accompanied by a capital budget of $544 million, summing up to a total investment of $1.5 billion.
Health Care
The City has already accumulated reserve funds exceeding $74 million as of September 2023, earmarked for the City’s local share of $125 million.
Continuation of a 1% hospital levy will support the construction of a second hospital for Brampton and a new cancer care center, along with backing for a new medical school.
Transit
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