Provincial audit of finances for 6 municipalities.
On May 3, 2023, the Minister of Municipal Affairs and Housing advised that Peel Region had been selected to participate in a third-party audit into municipal finances and provided the terms of reference for review and execution.
The Ontario government has also selected 5 other municipalities to participate in the audit process: Brampton, Caledon, Mississauga, Newmarket and Toronto. The audit will focus on 2 objectives: to estimate the impacts of Bill 23, More Homes Built Faster Act, 2022 on Peel Region's finances and to optimize municipal resources by assessing Peel Region's management of its finances and service delivery.
The Ontario government awarded the contract to Ernst and Young who will commence their work with Peel in August, continuing until December 2023.
- Municipal Finances Audit Terms of Reference - Peel Region Council report
- Ministry of Municipal Affairs and Housing Municipal Finances Audit Terms of Reference
- Ontario begins audit of municipal finances – Government of Ontario media release.