The report provides a comprehensive summary of the Region’s key activities and financial performance. It includes audited financial statements from the past year and highlights Regional initiatives, accomplishments and performance statistics.
Highlights of strategic investments
- Halton Region has budgeted a projected $4.3 billion in infrastructure investment over the next 10 years, including 2.2 billion for water and wastewater and $1.7 billion for transportation.
- Halton’s 10-year capital plan for water and wastewater consists of an additional $7.7 million to maintain current assets in a state-of-good-repair.
- Halton’s 10-year capital plan for transportation consists of an increase in funding by $1.9 million to maintain current assets in a state-of-good-repair as well as $777,000 for road maintenance contracts including $100,000 for three new red light cameras.
- Halton Region has invested $827,000 in Paramedic Services in 2019 to provide additional resources to address call volume pressures.
- Halton has also increased investment in the Halton Region Community Investment Fund by $300,000 in 2019 to enhance funding for programs that support health, safety and well-being of residents.
On March 27, 2019, Moody’s Investors Service published an update to their credit opinion of Halton Region’s rating, maintaining it at the highest rating of AAA over the past 30 years. Moody’s continues to attach a stable outlook to this rating indicating its confidence in Halton’s ability to maintain this standing into the future.
Moody’s rating analysis included the following rationale in support of the AAA rating:
- Excellent track record of posting strong fiscal results each year, supported by stable operations and an effective multi-year budgeting process
- Halton’s forward looking operating and capital plans to address pressures and spending requirements early on
- Low and declining debt burden and high levels of liquidity
- Diversified economy and strong population growth
Achieving a AAA rating status ensures that Halton Region and the four Local Municipalities that borrow under this credit rating will continue to obtain the best possible financing rates in the capital markets minimizing the longer term costs of infrastructure capital.
To learn more about Halton Region’s 2018 Annual Financial Report (PDF file) or request a hard copy, please email firstname.lastname@example.org or call 311.
If you require this document in an alternate format please call 311, TTY 905-827-9833 or1-866-442-5866