Fiscal sustainability
Peel Region requires equitable and sustainable funding from provincial and federal levels of government to address the long-standing gaps in appropriate funding.
Each year, additional cost pressures arise from increased demand for services resulting from Peel's population growth, increasing complexity of resident needs, and inflation. However, funding has not kept pace with any of these changes.
For years, Peel Region has faced chronic underfunding for these services, which has placed an unfair burden on property taxpayers.
Actions we're taking
To address Peel's funding shortfall, we're calling on the Province to:
- Retroactively, address historic underfunding for provincially mandated services in Peel, including Public Health, Long-Term Care, Paramedic Services, Housing Support and Child Care.
- Ensure funding considers expected inflation through 2024/2025 to maintain real spending levels
- Engage with municipalities to update municipal revenue sources and collection tools to address the changing needs of local communities.
2024 Municipal Fiscal Sustainability: Addressing Peel's Region's Funding Shortfall AMO briefing note.