The strategic reserve funds in Brampton decreased by $190 million, to less than $9.5 million in three years, with part of this spending on projects that are typically the responsibility of the region.

The figures came from a report to the council in May showing the status of Brampton's $200 million strategic reserve fund, which was allocated in 2021 after the sale of Brampton Hydro.

The council initially planned to maintain funding, but the report shows that the reserve was exhausted to less than $9.5 million by the end of 2023.

Some of the significant items included $40 million on property acquisitions, $7.3 million on expanding Algoma University, and more than $27 million on the new medical school at Toronto Metropolitan University Brampton.

A report to the council in 2023 revealed that any spending on the TMU school was a risk "that could lead to pressure on the tax rate in the future."

The reserve report showed that the city aims to increase the fund to a "non-committed" balance of over $62 million, but the city council did not propose any plan to reach this goal.

It revealed that the city's other reserve funds have a balance of $583 million ($1.2 billion with $687 million "matched by liabilities"). The city also received $114 million from the federal government through the Housing Acceleration Fund.