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Understanding Niagara's Budget

As a taxpayer, it's important to understand the budget process. You should know where your money is going and how it is spent.

Niagara Residents will see Zero Tax Increase from Region

Niagara Region residents will not see a Regional tax increase, after it passed its 2010 net operating budget of $282.5 million on February 11, 2010. Learn more about the 2010 budget

How the Budget Works

Niagara Region's budget has two components that are often referred to as the current operating budget and the capital budget.

The current budget is similar to your day-to-day costs like gas, groceries or phone bill. The capital budget is like your longer-term investments, similar to your car or house.

Current Operating Budget

The current operating budget pays for the daily business of the Niagara Region and its boards and agencies. This budget pays for wages, supplies, programs, services and repayment of debt for major projects.

Tax dollars and income from fees and service charges, with support from provincial and/or federal sources fund the current operating budget.

Capital Budget

The 2010 Capital Budget was adopted by Regional Council on December 17, 2009.

The capital budget is the annual plan for the purchase of capital assets. Capital assets include things like roads, water treatment plants, sewers, buildings, machinery and equipment.

Getting Involved

Public meetings related to the budget are advertised in local newspapers and online. Dates are set by Regional Council. Call the Regional Clerk for more information.



 Revised: Wednesday, February 17, 2010
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