New Oakville Hospital

Halton Healthcare Services has asked the Town of Oakville to contribute $200 million dollars to this project beginning in 2015. The Town will need to borrow money to fund its contribution, which can be financed over 30 years. The total amount paid will be more than $200 million because of interest costs - just like a mortgage.

Here's how $200 million dollars could impact your property taxes:

Cost

• Tax impact per $100,000 of assessment begins in 2015 at $15 per year, increasing to $35 per year over 30 years

Benefits

• Hospital opens in 2015
• Hospital able to add proposed new services, and equipment
• Provides capacity for future expansion and enhancements to medical services

A community is not often given the opportunity to build a new hospital, but we know paying a new tax levy could also be challenging for residents.

Contributing the requested funds for the new hospital will also slightly reduce the town's ability to borrow money for local infrastructure and facilities such as roads, bridges and libraries. This is an important decision, and the Town of Oakville wants to hear what you think.

For more information about the new hospital, please visit www.newoakvillehospital.ca