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The Vaughan Healthcare Centre Precinct Development Levy was implemented to support timely development of the hospital. In 2009, the City approved an $80-million funding strategy to bring a hospital to Vaughan. The strategy included a dedicated, accountable and temporary Healthcare Centre Precinct Plan – Development Levy. Based on current estimates, the City’s contributions to the development of the hospital will be fully paid off by 2022. The financial plan spans 13 years, which is significantly less than the initial 20-year recovery timeframe. The temporary levy is not part of the City’s operations and is shown separately on property tax bills. These funds have gone directly to purchase the hospital precinct lands and prepare the site, which includes building sewers, roads and streetlights on the lands. For 2022, the levy will be approximately $57 for the average home assessed at $891,000.
Financial Planning and Development Finance
Phone: 905-832-2281