York Region approves tax increase
The average York Region homeowner will fork out an additional $133 in taxes after York Regional Council unanimously approved a $4.8-billion 2025 Budget.
“The 2025 budget reflects our priorities, including continued investment in core services that enable growth in our communities and keep people, goods and information moving,” York Region Chairman and CEO Wayne Emmerson says. “This budget also provides additional investments in community safety, reflecting Council’s ongoing commitment to community health and well-being.”
The budget – the third year of the multi-year budget aligning with this term of Council – includes a tax levy increase of 3.55 per cent and the continuation of a separate one per cent Rapid Transit and Infrastructure tax levy.
The tax levy is 0.95 per cent higher than last year’s outlook to support community safety initiatives. That includes providing York Regional Police (YRP) with 304 sworn officers and civilian staff over the next two years – an increase of 212 staff and officers over the 2024 endorsed outlook.
The budget includes $3.5 billion in operating costs and $1.26 billion in capital expenditures. The operating budget covers day-to-day expenses, with 81 cents of a Regional property tax dollar funding frontline programs and services. This includes 31 cents for Public Works, 30 cents for YRP and 20 cents for Community and Health Services.
The capital budget includes spending on growth-related projects and renewal of existing assets. Those expenditures are part of York Region’s record high $12.2-billion 10-year capital plan.
The budget has been adjusted to accommodate additional provincial funding finalized after the proposed budget tabling presentation. The increased funding will support Regional services, including Children’s Services and Paramedic Services.
York Region’s multi-year budget aligns with the Region’s Strategic Plan, supports delivery of Council’s priorities, guides departmental spending and follows the principles of the Region’s Fiscal Strategy, which ensures a balance between the needs of current and future taxpayers while aiming to maintain triple A credit ratings.
“The 2025 budget demonstrates our collective commitment to fostering strong, caring, safe and inclusive communities,” says Township of King Mayor Steve Pellegrini, Chair of Finance and Administration. “This is achieved through the continued adoption of a sound fiscal strategy, helping ensure we achieve financial sustainability while being fair to current and future taxpayers.”
Visit york.ca/budget for more information.