Tax increase unavoidable if Brampton to get second hospital
Published October 29, 2021 at 3:41 pm
With the announcement Brampton is finally getting another hospital, it is inevitable residents will see their property taxes increase in order to pay for it.
During an interview with Insauga.com publisher Khaled Iwamura, Mayor Patrick Brown specified a tax levy is an unavoidable part of the process.
“The way the Province works with hospital builds is they require a local share, so you can get the provincial funding, but you have to contribute from the property tax base as well,” he said.
Brown added the last time a hospital was being built in Peel, there was a contribution from the City and the Region.
While there is still no set amount Brampton will be expected to contribute, initial estimates from representatives with the William Osler Health System (Osler) suggested $25 million, which they would want by 2027.
This would require a 25-per-cent increase to property taxes, which would likely be broken down into annual increases of five per cent over the next five years.
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The City is scheduled to meet with Osler representatives on November 3, to find out a more exact figure when it comes to how much Brampton will need to contribute.
“We fully expect that we’re going to have to step up and contribute to this hospital—we don’t want any delay in building our new hospital,” Brown said.
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