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 $4.2 billion in infrastructure investment over the next 10 years, including $1.6 billion for transportation and $2.1 billion for water and wastewater.
- Halton’s 10-year capital plan for transportation consists of $1.3 billion for new development and $332.6 million to maintain current assets in a state of good repair.
- Halton’s 10-year capital plan for water and wastewater consists of $1.1 billion for new development and $1 billion to maintain current assets in a state of good repair.
- Halton Region will invest a projected $140 million over the next 10 years to enhance our housing program, with $102 million allocated for the acquisition of new housing units.
- In 2018, Halton Region increased investment in Children’s Services by $9.4 million to improve quality, accessibility, affordability, flexibility and inclusivity in licensed child care programs (based on Provincial and Federal funding).
- Halton has also increased investment in the Halton Region Community Investment Fund by $350,000 in 2018 (total contribution of $2.4 million) to strengthen non-profit programs that support the health and well-being of vulnerable 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 2017 Annual Financial Report (PDF file) or request a hard copy, please email email@example.com or call 311.