The Regional Municipality Of York

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York Regional Council approves 2020 budget valued at $3.3 billion



2020 budget adds approximately $75 to the average York Region residential property bill


Newmarket – 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%. This includes 1.7% to maintain Regional services and a further 1.26% 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.

2020 budget highlights include:

Budget highlight graphic

“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.”

Additional information regarding the 2020 budget can be found in the following documents:

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

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Media Contact:
Barbara Schnier, Corporate Communications, The Regional Municipality of York
Phone:  1-877-464-9675 ext. 71237
Cell: 905-505-5775
barbara.schnier@york.ca


Council; budget: 2020 Budget; York Region; York Region Council The Regional Municipality of York en-US Media Release