Region invests in a more equitable future for all

Posted on Wednesday December 15, 2021

 

Waterloo Region – The Region of Waterloo is building a more equitable future for residents through the 2022 budget.

The Plan and Budget supports Council’s vision to build a world-class community through a historic investment that improves the lives of all 630,000 residents in Waterloo Region.

Today’s Plan and Budget approval includes:

  • Over $150 million in affordable housing initiatives to support residents facing the greatest barriers. This will help build 2,500 affordable homes in five years while improving shelter capacity.
  • $191 million in investment in sustainable transportation. This will expand public transit and allow operations at the Northfield Drive GRT facility to begin.
  • Completion of a $40 million airport terminal expansion and over $14 million to meet growing demand at the Region of Waterloo International Airport (YKF).
  • A $2.5 million investment in climate action. This will help create a corporate climate transformation strategy, enable climate action work in the community, renew facilities to reduce greenhouse gas emissions, and track fleet emissions.
  • Increasing paramedic services by adding two fully staffed ambulances while expanding community paramedicine.
  • $2 million to modernize public services and enhance the resident experience.
  • $10 million that builds on a $5 million investment in 2021 to deliver initiatives that improve the social and economic health and wellbeing of Indigenous, Black, African, Caribbean, racialized and other marginalized communities.
  • $2.1 million in upstream initiatives to research and develop alternative service delivery models that improve the mental health, safety and social determinants of health for residents.
  • Implementing the recommendations of the Anti-Racism Advisory Working Group. This includes consulting with Indigenous communities on the need for a community hub and working with partners to design and launch an alternative crisis support service for mental health.

 

The approved 2022 Region of Waterloo budget represents a total tax rate increase of 4.56 per cent (3.30 per cent for Regional services and a 1.26 per cent for Police services). The impact on an average household is approximately $96.

“Waterloo Region is a vibrant and diverse community with different needs. Created with community partners, residents and Regional staff, the 2022 Plan and Budget addresses what matters. This includes equity, affordable housing, homelessness and climate change while continuing to prioritize the delivery of important services that residents depend on,” said Helen Jowett, Chair of the Budget Committee. “We’re excited to see the outcomes of this vision in all seven local municipalities in the coming year.”

“In 2021, we continued to manage the COVID-19 pandemic locally and make significant progress on our community’s strategic plan,” said Karen Redman, Regional Chair. “The 2022 Plan and Budget is driven by the vision of a world-class community, with key investments that will benefit residents. Council’s approval of the Plan and Budget sets the stage for a successful year for our community in 2022.”

For more information about the 2022 Plan and Budget, visit www.regionofwaterloo.ca/PlanandBudget

- 30 -

Contact Us