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Halton Region’s Annual Financial Report demonstrates how we invest in the future while keeping property taxes low and preserving our AAA credit rating.

Overview

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 $4.4 billion in infrastructure investment over the next 10 years, including:
    • Water and wastewater infrastructure: $2.2 billion to fund projects such as water and wastewater services for new developments, new developments, renewing aging infrastructure and new water meter installations and replacements; and
    • Transportation infrastructure: $1.7 billion to support Regional transportation projects such as such as road widening, new roads, grade separation and road resurfacing.
  • Halton Region has invested $1.1 million in Waste Management to address road upgrades and resurfacing at the Halton Waste Management Site.
  • Halton has also made investment increases of $1.7 million in the Burlington Beach Waterfront Master Plan to maintain the Lake Ontario shoreline and make the waterfront more accessible to residents.

Credit rating

Moody’s Investors Service affirmed its Aaa credit rating for Halton Region in January 2021, praising the Region’s strategic planning during the pandemic and stating that they are confident that Halton will remain resilient and stable despite future impacts from COVID-19. Halton Region has maintained the top credit rating from Moody’s Investors Service for more than 30 years. To learn more about Moody’s review and analysis, please read the report presented to Halton Regional Council from the February 17 meeting (PDF file).

Moody’s rating analysis included the following rationale in support of the Aaa rating:

  • the community’s diversified economy and strong population growth;
  • Halton’s low debt burden and exceptional levels of liquidity;
  • the Region’s stable and predictable revenue sources that cushion operating pressures including those related to the COVID-19 pandemic; and
  • Halton’s strong management and mature institutional framework.

On June 10, 2021, S&P Global Ratings (S&P) also completed their annual review and maintained their highest rating of AAA for Halton Region. To learn more about S&P’s review, please read the report presented to Halton Regional Council from the June 16 meeting (PDF file).

Maintaining a top credit rating ensures that Halton Region and its four Local Municipalities continue to access the best possible financing rates available, which minimizes long-term infrastructure capital financing costs. This allows public funds to go further when investing in essential Regional works, including road, water and wastewater projects that help build healthy, complete communities.

To learn more about Halton Region’s 2020 Annual Financial Report (PDF file) and Consolidated Financial Statements (PDF file), or request a hard copy, please email accesshalton@halton.ca or call 311.

Thumbnail image of the cover of Halton Region's 2019 Annual Financial Report

If you require these documents in an alternate format, please call 311, TTY 905-827-9833 or1-866-442-5866

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