Sources of revenue

Municipal property taxes are used to fund services and infrastructure.

The City of Peterborough is continuously looking for other revenue sources to alleviate the property tax pressures on residents and businesses. In 2023, less than 50% of the City's revenue comes from property taxes. Other revenue sources include user fees, grants from the province for specific programs such as social assistance, investment income, gas tax transfers to the City, and fines.

 2022 Budget

 

2022 Budget pie chart for operating revenues by source

Property taxes include Municipal and Education taxes

Your property taxes go to both the City and the provincial government.

The municipal and sewer surcharge portion of your property taxes go to the City for municipal services and infrastructure. The education portion goes to the province.