The City of Brampton Has Won an Interesting Award
It's no secret that Brampton has been drawing some positive attention in recent months. A ton of new development is on its way, and Brampton is transforming into a hub for innovation and technology.
Now, the City of Brampton has scored an interesting award.
The award is for the City’s most recent operating and capital budgets.
“The City of Brampton's Approved Operating and Capital Budgets 2018-2020 has received The Distinguished Budget Presentation Award from the Government Finance Officers Association of the United States and Canada (GFOA),” read a recent statement from the City.
You might be wondering what exactly the award means.
Well, according to the City, this the GFOA's highest level of recognition in governmental budgeting.
The City has actually received this award for three consecutive years now, and it represents major achievement in financial transparency and good governance, reads the statement.
Brampton City Council approved the budget on December 6, 2017.
It details a property tax increase of 2.7 per cent, which translates into an annual increase of approximately $126 for an average residential home assessed at $471,000.
“Public input and transparency were key driving factors of our budget process, in addition to our commitment to meeting our financial obligations. We will continue to achieve excellence for our operations across the City of Brampton,” said Harry Schlange, CAO, in the statement.
The 2018-2020 budget included transit growth, improving fire response, revamping community centres and recreational centres, and even Brampton’s up and coming Ryerson-Sheridan partnership university.
“As one of Canada's youngest and most diverse cities, Brampton's Budget 2018-2020 focuses on improving quality of living and investing in key strategic priorities for stronger economic prospects and growth,” Mayor Linda Jeffrey said in the statement.
The City had to meet certain nationally recognized guidelines for effective budget presentation to get this award.
“These guidelines assess how well the budget plan serves as a policy document, financial plan, operations guide and a communications vehicle,” reads the statement.
You can check out Brampton’s budget here.
What do you think of Brampton winning this award?