Mississauga to receive additional $20 million in funding to help offset costs related to COVID-19 in 2021
Mississauga will be getting an additional $20.968 million in Municipal Operating funding, the Province announced, as part of the Safe Restart Agreement between the federal government and the provinces and territories.
This represents the second round of funding through the municipal relief stream, which is intended to offset the 2020 deficit--the remainder will be used to offset anticipated costs for 2021.
This funding will allow Mississauga to provide necessary services for residents during the on-going pandemic, which is expected to continue into at least early 2021.
"I want to give my sincerest thanks to both the provincial and federal governments for supporting not only our City, but cities across the province and across Canada," Mayor Bonnie Crombie said in a news release.
"Cities like Mississauga have been on the frontlines of the crisis and we know that we will continue to face financial pressures over the next few years. This funding goes a long way in allowing us to maintain the services that our residents expect," she continued.
Further, additional funding for the City is anticipated through the Phase 2 transit portion of the Safe Restart Agreement.
"We continue to work on our 2021 Budget to manage the deficit from the pandemic while providing services and programs," Gary Kent, commissioner of Corporate Services and Chief Financial Officer with the City of Mississauga, said in the same release.
"Additional funding allocated through the Safe Restart Agreement will ensure that the City's 2020 operating deficit is tackled and provides additional relief for the 2021 fiscal year. We will continue to seek partnerships and advocate for long-term sustainable funding as we must also move forward with investments in transportation, fire and road safety, climate change and infrastructure," he continued.
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