Highlights from Day One of Peel's 2025 Budget Presentations

BRAMPTON, ON (November 22, 2024) - Yesterday at Regional Council, Peel’s 2025 Corporate Budget Overview was presented, along with the Peel Regional Police Budget.

The 2025 Corporate Budget Overview highlighted some of the challenges Peel is facing as a growing community with increased service demands. Ongoing challenges include elevated prices due to inflation, aging infrastructure, the continued climate change emergency and changing legislation.

The proposed 2025 Budget includes investments of $6.2 billion to maintain current service levels for a growing population, while addressing priority community needs.

Critical urgent needs being addressed include:

• The housing affordability crisis
• Accelerated housing-enabling infrastructure
• Affordability issues in the community
• Community safety and well-being
• Promoting diversity, equity and inclusion

To address the challenges being faced, the 2025 Budget also reflects $14.9 million in cost savings and in cost avoidance found through continuous improvement efforts and cost containment measures.

For the impact on the overall property tax, Regionally Controlled services account for a 1.3% increase, Peel Regional Police 4.1% increase and other agencies 0.1% increase for a total average property tax increase of 5.5%.

Next steps and more information

• Nov. 28, 2024: Presentations for Regionally Controlled Services.
• Dec. 5, 2024: Presentations for two Regionally Financed External Organizations including Credit Valley Conservation Authority and Toronto and Region Conservation Authority.
• The Regional Council Budget meeting(s) are open to the public and residents may attend. The meeting will also be live streamed.
• The proposed 2025 Regional Operating and Capital Budget is available at peelregion.ca/budget.

Media contact

Genevieve Ricciardella 
Communications Specialist
Peel Region