$20M for new Medical School, $5M for Hospital and cancer care centre
March 15, 2023 – Brampton City Council unanimously approved the 2023 Operating and Capital Budget at a Special Council Meeting on March 9.
This year’s budget includes a $496 million investment in capital projects, and another record contribution of $134 million to reserves, while continuing the support for historic health care investments, including a second hospital and a new cancer care centre.
The approved Operating budget of $845 million results in a 2.9 per cent increase for City services on the City portion of the property tax bill, or the equivalent of $177 per average household.
Combined with increases of 2.8 per cent for Region of Peel, and 0 per cent for School Boards, the total property tax increase equates to $321 on the average household residential property in Brampton.
“Our 2023 budget is a balanced approach to growth, where we are acting on transformative opportunities before us while laying a solid foundation for our future. We’re committed to creating healthier and connected communities, with record contributions to reserves, more supports for transit, and historic investments in local healthcare funding as we move forward with the new Peel Memorial Hospital and Cancer Centre“, said Mayor Patrick Brown.
In a City Media Release, Budget Committee Vice Chair Paul Vicente spoke on competition for investment in the Greater Toronto Area, “For all residents, this is a budget that brings a responsible approach; a budget that strengthens our competitiveness among GTA municipalities. City staff have worked very hard to ensure that after four years of no tax increases, we continue to deliver a plan that is measured and truly enhances the lives of Brampton residents and businesses“.
The approved budget will provide Brampton residents and families with a variety of investments and initiatives to help support their needs and contribute to the growth of the community.
These upgrades include a $21M contribution to downtown revitalization, $20M towards the development of Riverwalk, $3.5M to establish an Environmental Education Centre/Animal Shelter with program space for veterans and first responders, $20M support for new Toronto Metropolitan University medical school and $4.9M annual contribution towards construction of second hospital and new cancer care centre.
The budget also invests in community safety and well-being, parks and recreation, arts and culture, and transit and climate change initiatives.