Here’s How Much Taxes Could Rise in Mississauga in 2020
As Mississauga grows, so, too, does its costs.
At a recent Budget Committee meeting held to introduce the preliminary 2020 - 2023 Business Plan and 2020 Budget, the City of Mississauga said that more transit service, enhanced public safety, enhanced road safety and quality of life preservation would remain priorities for the city in 2020.
But how much more will residents have to pay going forward?
Should this budget pass, residents would see an overall property tax increase of 3.04 per cent while businesses would see a 1.85 per cent increase (these numbers currently include increases from the Region of Peel).
However, these potential increases are not set in stone.
While the proposed spending on the city's priorities will likely make it into the final budget, the city says staff will continue to refine the budget and look for ways to trim the proposed increases over the coming months.
The potential increases, Mississauga Mayor Bonnie Crombie argues, will ultimately help the city grow into more of a world-class metropolis.
"In Mississauga, we strive to deliver exceptional programs and services for our residents while delivering value for money," said Mayor Bonnie Crombie.
"Our city budget pays for the over 200 front-line services that our residents have come to rely on, everything from public transit to libraries, to snow clearing, fire and emergency services and more. At the same time, in order to reach our full potential as a world-class city, we need to make strategic investments to improve our roads, enhance public safety and grow our transit network. Council will continue to work to strike the right balance to ensure our residents can access high-quality services while keeping property taxes low and competitive. There will be several opportunities throughout the budgeting process for residents to get involved, have their voices heard and help shape the future of our city."
The city's operating budget includes revenues for 2020 along with the costs for ongoing programs and services such as public transit, parks, roads and building maintenance, snow clearing, recreation programs and libraries.
It also outlines the projected costs for delivering these services in the upcoming years.
The city says that early numbers show a possible 4.9 per cent increase to Mississauga's 2020 Operating Budget to cover inflation and new services.
The estimate includes a one per cent contribution to the Public Safety Fire Program plus a two per cent infrastructure levy to help the city maintain existing roads, bridges and buildings and plan for their upkeep in the future.
The new services being proposed in the draft budget are:
* Adding 32,600 MiWay service hours
* Programming for the new Churchill Meadows Community Centre
* Enhancing public safety and road safety
"In 2020, we face many of the same challenges as in past years - maintaining our infrastructure and current levels of service as well as adhering to changing provincial legislation," said Janice Baker, City Manager and Chief Administrative Officer.
"We continue to identify opportunities within the budget to further reduce the proposed tax rate. Staff consistently look for ways to streamline how we do business to keep Mississauga fiscally responsible. Our commitment is to continue to work with council to provide value for tax dollars through cost savings and efficiencies."
The next Budget Committee meeting is on Oct. 2.
Discussions will continue on November 18, 19, 25, 26 and 27. Council is scheduled to vote on the proposed budget on December 6.
Cover photo courtesy of @idris.yyz
- Very Exciting Event Coming to Massive Entertainment Facility
- CLOSURE: Two Pakistani restaurants closed for health violations in Mississauga
- Here’s why Mississauga residents should vote strategically this election
- CAUGHT ON VIDEO: Aftermath of fatal crash that claimed two lives in Mississauga
- Schools in hold and secure due to attempted carjacking in Mississauga
- Early Budget Talks Suggest a Tax Increase Could Hit Mississauga Residents
- City Asks Residents How They Want Their Money Spent
- Here's How Mississauga Residents Can Decide How Their Tax Money Is Spent
- Are Tax Hikes in Store for Mississauga Residents?
- This Is Where Mississauga's City Council Spent Their Budget In 2018