HALTON HILLS, ON – Rising insurance rates creating what the Mayor has characterized as "an unfair burden on taxpayers" prompted Halton Hills Town Council to pass a resolution calling on Premier Ford to take action.
A recent report noted that the municipality had reached a point where rising insurance premiums could no longer be funded through reasonable annual taxpayer increases.
The Town anticipates that the municipality’s total annual cost of liability insurance premiums has grown by $1 million over a five-year period, which represents a percentage increase of approximately 258% over that same time frame.
“These increases are unsustainable and have created an unfair tax burden on our residents,” said the Mayor. “In what other industry have we seen such a crazy increase? That’s why Halton Hills’ Council passed a resolution supporting the recommendations put forward from the Association of Municipalities (AMO) and calling on the Province to take action.”
AMO, an organization that works to represent and advocate for the common interests of Ontario’s 444 municipalities outlined seven recommendations including:
Town Council’s resolution also called upon the Province to provide municipalities with appropriate grant funding until reforms within the insurance industry were implemented.
The Town of Halton Hills, with a population of approximately 60,000, consists of two urban centres, Georgetown and Acton, the Halton Hills Premier Gateway employment area, three hamlets – Glen Williams, Stewarttown and Norval and several smaller settlements. Halton Hills has long been recognized for its natural beauty, active agricultural community, high quality of life and proximity to major centres, including Brampton, Mississauga and Toronto. The Town is ranked as one of the top small communities in Canada by a national magazine.
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Media Contact: Alex Fuller
Director of Communications
1 Halton Hills Drive,
Halton Hills, ON,
L7G 5G2
Tel. 905-873-2600, ext. 2412
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