2016-2018 Regional Budget
Presentation to Council
Bill Hughes
December 17, 2015
York Region has the seventh largest population in Canada
Source: Statistics Canada intercensal Update (February 11, 2015)
Figures reflect 2015 approved budgets Slide 3
14.2
3.8
2.7 2.5
2.0 1.7
1.4 1.2
0 0.5 1.0 1.5 2.0 2.5 3.0 3.5 4.0 12.0 12.5 13.0 13.5 14.0 14.5
Toronto Ottawa York Peel Hamilton Waterloo Durham Halton
2015 Combined Gross Operating and Capital Budgets
York’s 2015 combined gross operating and capital budget is third largest in Ontario
$ Billions
Council / Committee Review Process
Council
November 19, 2015
Council
December 17, 2015
Committee of the Whole
November 26, 2015 York Regional Police
Education Session
November 26, 2015 Fiscal Strategy
Committee of the Whole
December 3, 2015 YRRTC
Transportation Services Community & Health Services
Committee of the Whole
December 10, 2015 Conservation Authorities
Environmental Services Corporate Management
Budget
Year 2015 2016 2017 2018
Approved
2015 2.97% 2.85% 2.69% 2.35%
Proposed
2016 2.85% 2.69% 2.35%
The proposed tax increases at a glance
Slide 5
Proposed tax increases are consistent with the approved outlook
Operating Budget
Capital Budget
Ten-Year Capital Plan
$1.9B
$826M
$5.8B
The proposed budget at a glance
Capital plan compliant with the Province’s Annual Repayment Limit regulation increase
$2.0B
$783M
$6.1B
2015 2016
New initiatives in the next three years
Adding 52 new lane kilometers of road
Continued implementation of the vivaNext bus rapid transit services on the new rapidways
More investment in rehabilitation of water and wastewater infrastructure
Two transitional / emergency housing facilities
52 new paramedics and investment in paramedic response stations
49 new police officers and 17 civilian staff
Slide 7
York’s ten-year capital plan is largest among comparable municipalities
Figures reflect Ten-Year Capital Plans proposed in 2016, except Durham, which is the 2015 Ten-Year Plan
$ Billions
6.1
5.4
3.9 3.8 3.7
3.3
0.0 1.0 2.0 3.0 4.0 5.0 6.0 7.0
York Peel Hamilton Durham Halton Waterloo
Ten-Year Capital Plans for York and other Regions
Record levels of roads investment
Slide 9
The budget includes $721 million for roads capital from 2015-2018
50 100 150 200 250
2006 Actual
2007 Actual
2008 Actual
2009 Actual
2010 Actual
2011 Actual
2012 Actual
2013 Actual
2014 Actual
2015 Forecast
2016 Budget
2017 Forecast
2018 Forecast
Roads Capital Investment
$ Millions
In the last 5 years, total transit investment in the Region has been $1.8 billion
Large transit investment under way
Provincial $974
61%
Regional
$488 31%
Federal
$132 8%
2016-2020 Transit Investments total
$1.6 Billion
($ Millions)
Fiscal strategy continues to reduce debt levels
Debt peaks at $2.9 billion in 2017 and then declines
0 0.5 1 1.5 2 2.5 3
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030
$ Billions Outstanding Debt Projection
2016 Proposed Budget
Slide 11
Reserve to debt ratio will improve
The reserve to debt ratio is forecast to increase in 2017 and exceed 100% by 2021
0%
50%
100%
150%
200%
250%
2007 2008 2009 2010 2011 2012 2013 2014 2015 est
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Summary of the 2016 budget
Second year of a multi-year budget that aligns with the term of Council and the Strategic Plan
A robust capital plan
Lower debt levels and higher reserve balances
No tax levy debt in next ten years
No rate-supported debt in the next ten years
Proposed 2016 tax increase of 2.85% and
outlooks of 2.69% in 2017 and 2.35% in 2018
Slide 13
Tax impact on homeowner
The average assessed value of a residential
property in the Region is
$547,000. A tax levy increase of 2.85% in
2016 equates to $63 per household, on average.
$34
$52
$76
$69
$50
$62
$69
$61
$64
