Protecting Taxpayers from the Financial Impacts of Growth

Ensuring that growth pays for itself is imperative to the future vitality of Halton Region and is of critical importance to Regional Council.  The Provincial Places to Grow Act mandates that Halton Region’s population grows to 780,000 by the year 2031.  While this may seem a long way off, we need to be planning ahead to determine how we will pay for and build the infrastructure required to support this growth. It is the position of Regional Council that growth pays for itself. Regional Council is committed to protecting Halton taxpayers from the financial impacts associated with growth.

The Growth Plan has imposed significant financial challenges on Halton Region. When combined with the additional funding required for state-of-good-repair needs for existing infrastructure, the Growth Plan creates an unprecedented financial burden to Halton Region. Without the necessary tools, funding and legislative commitments, we cannot accommodate the growth mandated by the Provincial Government.  We are asking the Provincial Government for changes to the Development Charges Act that support the recovery and collection of growth related costs to ensure Halton’s taxpayers do not bear the financial impacts of growth.

In November 2013, Regional Council approved the 2012 Allocation Program.  This program finalized an agreement with local developers to invest $961 million for infrastructure required to support future development in Milton and North Oakville.  The success of this agreement demonstrates that Regional Council is taking action to ensure that “growth pays for growth”.

Halton is a great place to live and we want to ensure that Halton’s future remains strong and stable.  Last December, Regional Council approved the 2014 Budget and Business Plan and for the fourth time in eight years (2008, 2010, 2011 and 2014), we were able to reduce property taxes on Regional programs and services while maintaining and enhancing service levels. Over the past eight years, we have either reduced or frozen taxes. This is one of the best records in all of Canada.

In January, Moody’s Investor Services reaffirmed our AAA credit rating.  This is the highest credit rating that can be achieved and it is acknowledgment of Halton’s strong financial position.  Our AAA credit rating and reduced taxes demonstrate that we have been managing your tax dollars efficiently and effectively.

Halton Region is advocating for support from all levels of government to ensure Halton’s taxpayers are not burdened with the cost of growth and that the services needed are in place.  We have created a series of position papers that highlight our advocacy efforts on your behalf.  Learn more about our Advocating for a Strong Halton campaign. You can also view my recent video blog on the Budget to learn more about how Halton Region is managing your tax dollars.

If you have any Regional concerns or comments you would like to share, please feel free to email me at gary.carr@halton.ca. You can also find me on Twitter @garycarrhalton, LinkedIn or Facebook. To receive further updates on Regional issues, please subscribe to my quarterly e-newsletter, “The Carr Report.”