Ford government budget cuts expected to cost Peel Region $45 million
Peel faces a $45.1 million shortfall over the next two years, as a result of the provincial budget cuts, costing the average homeowner $68 more each year in taxes, says Norm Lum, director of business and financial planning for the region.
“Council will need to make some very difficult decisions,” Lum said at a meeting last week. “These are incredibly challenging times.”
The Region of Peel is required to provide many cost-shared programs mandated by the province. On April 11, the province released its 2019 budget with additional details in the weeks that followed. A number of announcements have been made, including adjustments to funding models for both 100 per cent funded programs and cost-shared programs.