Pandemic will put Mississauga $57 million in the red this year
Published June 21, 2021 at 4:54 pm
Mississauga faces a deficit of $57 million this year because of the pandemic, but expectations are that federal and provincial programs will cover the loss.
While the funds will still come out of the pockets of taxpayers, the impact locally should be muted as the City looks ahead to 2022 with the expectation that it will be business as usual if COVID-19 is behind us.
The impacts have been felt with lost revenue in the areas of transit and user fees for recreation programs which have been largely cancelled. Fuel and material costs have also gone up.
“We are keeping a close eye on our financial picture and we will continue advocating to other levels of government for our share of funding as a large Canadian municipality serving the daily needs of residents and businesses,” said Mississauga Mayor Bonnie Crombie.