Regional council approves 2.96% tax increase for 2020

The average York Region household will see an additional $75 on their tax bill

Newmarkettoday.ca
Jan. 2, 2020

York Regional Council has approved a $3.3 billion budget for 2020, the second year of a four-year budget coinciding with this term of Council.

The 2020 budget includes a net tax levy increase of 2.96 per cent. This includes 1.7 per cent to maintain Regional services and a further 1.26 per cent contribution to reserves. The total increase corresponds with the endorsed outlook from the 2019 budget.

With an average assessed value of nearly $750,000 for a residential property in York Region, this increase represents, on average, an additional $75 per household.

“Our Council remains committed to helping our communities grow in a fiscally sustainable manner and this 2020 budget represents exceptional financial management,” said York Region Chairman and CEO Wayne Emmerson. “A sound fiscal strategy enables York Region to support growth while maintaining excellent services, ensuring our financial plan is sustainable and fair to our taxpayers.”

The approved 2020 budget supports York Region’s four key priority areas of the 2019 to 2023 Strategic Plan: From Vision to Results which aligns financial resources to Regional Council’s priorities for this term of office.

“A multi-year budget helps align projects with the Region’s strategic plan and ensures we are meeting the needs of our residents, contributing to our reserves and planning for the future,” said City of Richmond Hill Mayor Dave Barrow, Chair of Finance and Administration. “We are working efficiently to deliver quality services to our residents, businesses and local cities and towns.”

The Regional Municipality of York consists of nine local cities and towns and provides a variety of programs and services to 1.2 million residents and 52,000 businesses with over 636,600 employees. More information about the Region’s key service areas is available at york.ca/regionalservices