The Regional Municipality Of York

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York Region seeks additional revenue-raising powers to meet demands of vibrant, growing communities



1.8 million residents will call York Region home by 2041

Newmarket – The Regional Municipality of York is forecasted to grow to 1.8 million residents and 900,000 jobs over the next 25 years. Despite these numbers, the Region has similar revenue-raising powers as a smaller municipality.

In order to continue on the path of strong financial sustainability, York Regional Council continues to advocate for revenue-raising powers similar or the same as the City of Toronto Act, 2006.

“York Region is a growing municipality with one of the largest capital budgets in the Greater Toronto Area,” said York Region Chairman and CEO Wayne Emmerson. “As we continue to welcome new residents and businesses to our communities, we must ensure infrastructure is in place to accommodate current and future needs. New revenue sources are essential to addressing costs associated with building new, and maintaining current, infrastructure.”

York Region has more than $220 million per year in infrastructure needs that cannot be addressed by the current limit of a three per cent property tax increase. To address this, Regional Council again requests the Province of Ontario extend York Region the similar or the same revenue-raising options afforded to the City of Toronto, under the City of Toronto Act, 2006. This would include a municipal land transfer tax and vehicle registration tax.

“Regional Council has achieved success in meeting three key objectives: keeping annual tax levy increase below three per cent, reducing reliance on debt and saving for asset management needs,” said Town of Richmond Hill Mayor David Barrow, Chair of Finance and Administration. “Should the Province of Ontario grant City of Toronto Act, 2006 powers to York Region, we will be in an even stronger financial position to address the needs of our communities.”

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 51,000 businesses with 620,000 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 or
Cell: 905-505-5775
Email: barbara.schnier@york.ca


York Region; growing communities; capital budget; growth plan infrastructure plans; financial sustainability The Regional Municipality of York en-US Media Release