Tax Management

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For eight years in a row, every year since Gary Carr has been Chair, Halton Region has frozen or reduced taxes collected for Regional programs and services. Gary is committed to having Halton being an effective, fiscally responsible and transparent government that delivers high quality programs and services.

Did you know that municipalities only receive 11 percent of taxes collected? Your property taxes are distributed three ways – to your local Municipality, the Provincial Government (for education) and Halton Region.

Halton Region has frozen or reduced property taxes on Regional programs and services for eight straight years. This is one of the best records in all of Canada. Every year Gary has been Chair, Halton Region has achieved a AAA credit rating from Standard and Poor’s and Moody’s. By maintaining our AAA credit rating and reducing our taxes we ensure Halton is competitive which attracts jobs and investment to our community.

“The Regional Municipality of Halton displays strong governance and management characteristics. In addition to multi-year operating and capital planning and a recent history of exceeding fiscal targets, management adheres to conservative debt and investment management policies which limits the regional municipality’s exposure to market related risks and helps ensure relatively smooth debt servicing costs. These fiscal management measures are also supported by comprehensive, transparent and timely financial reporting.”

Moody’s Investors Service February 13, 2013 Report

“Halton also has implemented a development financing plan that is designed to shield taxpayers from the costs and risks associated with financing growth-related infrastructure, and ensure that this is ultimately funded through DCs. This plan should reduce Halton’s development risk and need for upfront financing.”

Standard & Poor’s Ratings Services July 20, 2012 Report

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Halton Region has the highest and best credit rating possible.
Earning the top credit rating from two international rating agencies—Moody’s InvestorsService (Aaa) and S&P Global Ratings (AAA)—provides us with access to the best capital financing rates available. This means we can fund major infrastructure projects at the lowest possible long-term costs. By leveraging this advantage, we maximize investments in Halton’s future while keeping taxes low.

The relationship between the Region’s top credit rating and infrastructure investment is essential to maintaining our strong long-term financial position. It enhances every program and service we provide while supporting low property taxes, sustainable growth, economic prosperity and a high quality of life. Our future is dependent on this strong long-term financial position that has placed us at the high end of Canadian municipalities

Halton Region has one of the best records for keeping your taxes low. In fact for ten straight years Halton has essentially had a tax freeze. Please see the attached graph. Our fiscally
responsible approach to service delivery ensures top value for taxpayer dollars.

Your property taxes help maintain service levels for Regional programs and allow for strategic investments that support a high quality of life for everyone in Halton. These long-term initiatives include the implementation of the $4.1 billion 10-year capital plan for regional infrastructure, regional waterfront master plans and the 10-year Comprehensive Housing Strategy.
The Region’s award-winning financial plans, policies and reports help maintain our AAA credit rating and strong financial position, demonstrating how we succeed by putting residents first.

Halton Region is a transparent, accountable and fiscally responsible government that ensures value for taxpayer dollars. Moody’s report profiles the commitment though its wealth of high praise for the Region, affirming that our fiscal policies continue to support a thriving community.

The report reads:

“Halton’s operating results are supported by strong governance and prudent fiscal polic. The Region has forward-looking operating and capital plans that allow it to address pressures and spending requirements early on, […] Management also adheres to conservative debt and investment management policies, which limit the Regional Municipality’s exposure to market-related risks and helps ensure relatively smooth debt servicing costs. These fiscal management measures are also supported by comprehensive, transparent and timely financial reporting”

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