Waterloo Region is focused on the future. Its 2023-2027 Strategic Plan is designed to accommodate the region’s growth in the future. Titled Growing with Care, the plan’s focus is “supporting a long-term vision of a compassionate community that cares for all people, stewards the land for future generations and gives everyone the opportunity to live a good life”.

So what is Waterloo Region’s plan for 2024?

Let’s take a closer look at the 4 priority areas of the 2023-2027 Strategic Plan and budget and what is in store for 2024.

• Homes For All: We will invest in affordable homes and economic opportunity for all that are part of inclusive and environmentally sustainable communities.
• Climate Aligned Growth: As we grow, we will support a healthy environment where communities can thrive. Through intentional collaboration and creativity, we will support sustainable community growth.
• Equitable Services and Opportunities: Through collaboration and innovative design, we will provide equitable, accessible services across Waterloo Region that support the social determinants of health, safety and complete communities as we grow.
• Resilient and Future Ready Organization: The Region of Waterloo is a great place to work, where everyone is valued, feels they belong and where they have the supports and tools they need to do a great job. We will be prepared for the future by providing a safe space for bold ideas and experimentation, based on data and other ways of knowing.

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Waterloo Region’s 2024 Budget

On December 13, 2023, the Budget Committee meeting and final budget approval took place. Here’s a summary of the approved budget in Waterloo Region.

• 6.9% tax increase in 2024
  • Households will pay an average of $165 more per year
  • That is equivalent to $13.76 per month
• $472 million for affordable housing, support for those experiencing homelessness, and investments to drive economic growth and opportunities
• $316 million for paramedic services, children’s services, seniors’ services, youth programs and the Food Bank of Waterloo Region
• $815 million for transit growth, safe water and waste management
• $125 million for modernizing data and technology, employee wellbeing and ensuring long-term financial sustainability
• $1.5 million in funding for the Food Bank of Waterloo Region (doubled from its previous funding of $744,000)
• $228 million to go to Waterloo Regional Police Services
  –CTV News Kitchener

Interested in learning more about the Region of Waterloo Plan and Budget 2024?

Here are some helpful resources:

● Explore this summary of the 2024 Plan and Budget.

● Visit the Region of Waterloo’s webpage on Budget and Financial Statements.

● Follow 2024 Plan and Budget updates and important links on Engage Waterloo Region.