Peel's Fiscal Health Remains Strong
Review Our 2018 Financial Scorecard and 2017 Economic Bulletin.
Each year, we measure our overall financial health using a Financial Condition Scorecard. Our 2018 Financial Condition Scorecard confirms that, overall, the Region is financially healthy. The scorecard is based on our Long Term Financial Planning Strategy, which is used to identify and manage risks to our long-term financial sustainability and inform decision-making about how tax dollars are spent.
We have also released our 2017 Economic Bulletin, highlighting several factors in the macro-economic environment and changes in the local economic environment. These changes may result in an increased demand for Regional services in the short and long term. In the Financial Condition Scorecard, we have outlined the actions we will take to mitigate these risks to ensure Peel remains financially sustainable with flexibility to adapt to a changing environment.
The annual financial scorecard is used to assess financial performance in three areas - financial sustainability, financial vulnerability and financial flexibility.
Here are some highlights from the scorecard:
- We have maintained our AAA credit rating by S&P and Moody's
- The 2017 Focus GTA survey indicates that 75 per cent of our residents consider the programs and services offered by us are good value for their tax dollars
- We are on track with 9 of 12 targets with actions recommended to mitigate potential longer term risks ensuring continued financial health