Waterloo Region budget approved, property taxes to rise 8.5%
The region said that it will cost the average property taxpayer about $187 per year or $15.60 per month.
“Without question, this has been a challenging budget,” said Coun. Michael Harris, who chairs the budget committee. “It’s not just the Region of Waterloo that’s experiencing an increase in costs. Households and residents across the region are experiencing it too.”Story continues below advertisement A release from the region highlighted some areas where the money will be spent, including a $163-million funding commitment for housing and homelessness, $240 million for transit, and $63 million for paramedic services, which will allow for four new ambulances and 20 new paramedics.
There will also be $147.1 million to repair and maintain regional roads, a number which includes funding for new sidewalks, roundabouts and street light upgrades.
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