Niagara Regional Council sets 2022 budget at 2.87% tax hike for all regional homes

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Published December 17, 2021 at 4:50 pm

Niagara Regional Council passed its 2022 budget last night, adding a 2.87 per cent hike to homeowners’ bill.

Interesting enough, the region used a property assessment that was seriously low to show what it would mean to the “average” homeowner.

“For the average property assessed at $278,764 the Regional portion of the tax bill will increase by $46, totalling $1,684 in 2022,” said the region.

The problem there is, according to MLS stats, the average house price is Niagara Falls at the moment is $693,393, far above that $278,764 “average” price tag.

Regardless, there were three components that make up the Regional budget: the levy-operating budget, rate operating budgets, and the capital budget.

And that tax hike does come with some local improvements. The region is sinking $20.2 million into:

  • $2.3 million toward bridge housing and permanent supportive housing
  • $4.7 million to support infrastructure for regional departments and agencies, boards and commissions
  • $0.8 million toward Tax Increment Grants and Smarter Niagara Incentives Program (SNIP)
  • $1.9 million contributions toward local hospital and hospice development
  • $10.5 million for Niagara Regional Police Services

To push through the Council’s priorities for the current term, the operating budget has a $327.9 million approved capital program, allocating funds towards initiatives such as:

  • ​$88.8 million – South Niagara Falls Wastewater Treatment Plant
  • $31.5 million – Montrose Road capacity improvement to support growth in south Niagara Falls
  • $19.5 million – Decew Water Treatment Plant 3 sustainability upgrades
  • $12.5 million – Roads resurfacing/strengthening
  • $8.3 million – Beaverdams sewage pumping station upgrade and replacement
  • $8.1 million – Casablanca Boulevard Widening – Livingston to QEW

“As Regional Council continues to grapple with the lingering effects of the pandemic, and the uncertainty of the future, the 2022 budget represents a balanced and responsible approach to the Region’s finances,” said Niagara Regional Chair Jim Bradley afterwards.

“After careful consideration of dozens of reports and presentations at numerous meetings and workshops, I believe we have approved a budget that is fiscally accountable, while still maintaining the mandated and essential programs and services our residents and businesses rely upon.”

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