Peel’s 2025 Budget discussions continue: presentation highlights from Nov. 28
BRAMPTON, ON (December 2, 2024) - Last Thursday at Regional Council, the proposed 2025 Operating and Capital Budgets for Housing Support, and Paramedic Services were presented. An economic update was also provided by Avery Shenfeld, Managing Director and Chief Economist at CIBC Capital Markets, where he shared the current economic backdrop, and provided an outlook on Canadian growth, interest rates, housing, and labour markets.
Service Budget Highlights
- Building more community and supportive housing
- Enhancing the outreach program, expanding/improving the shelter system, and increasing access to subsidies for persons experiencing homelessness
- Improving collaboration between health and housing systems integration
- Maintaining the state of good repair of the Peel Living housing stock
- Advocacy to other levels of government for policy, program, and funding improvements
- Collaboration with local municipalities to better align and coordinate funding and programming
- 2025-2028 Housing Support Business Plan and 2025 Budget
- Improving collaboration between health and housing systems integration
- Maintaining the state of good repair of the Peel Living housing stock
- Advocacy to other levels of government for policy, program, and funding improvements
- Collaboration with local municipalities to better align and coordinate funding and programming
- 2025-2028 Paramedic Services Business Plan and 2025 Budget
Next steps
On Dec. 5, the Regional Council budget meeting will continue with presentations for Water and Wastewater, Public Health, Seniors Services, Community Investment, Waste Management, Transportation, and Heritage, Arts and Culture. Two of the Regionally Financed External Organizations, Credit Valley Conservation, and Toronto and Region Conservation Authority, will also present.
The Regional Council Budget meeting(s) are open to the public and residents may attend. The meetings will also be live streamed on peelregion.ca.
The proposed 2025 Regional Operating and Capital Budget is available at peelregion.ca/budget.
Media contact
Genevieve Ricciardella
Communications Specialist
Peel Region
About Peel Region
In 2024, Peel Region marks its 50th anniversary. Peel Region works with residents and partners to create a healthy, safe, and connected Community for Life for approximately 1.5 million people and over 200,000 businesses in Brampton, Mississauga and Caledon. Peel's services touch the lives of residents every day. For more information explore peelregion.ca and follow us on X @regionofpeel and Instagram @peelregion.ca.
On December 13, 2023, the Ontario government announced that Peel Region will not be dissolved, and that Bill 112 legislation will be updated to reflect service delivery in Peel. Services for residents and businesses will continue without interruption. For updates and more information, visit Peel's transition page.