Please be advised that City Council has approved the 2020-2023 Business Plan and 2020 Budget.
Of every property tax dollar 35 per cent goes to the City; the rest is split among the Region of Peel at 45 per cent and Province of Ontario at 20 per cent. For 2020, the overall residential property tax increase will be 3.24 per cent, of which 1.60 per cent is the City of Mississauga’s portion and 1.64 per cent is the Region of Peel’s portion. This equates to approximately an $88.18 increase on the City’s portion of the property tax based on an average residential property valued at $688,000 or $12.82 per $100,000 of assessment.
Highlights of the 2020 Business Plan and Budget are as follows:
- $2.4 million in cost savings in this budget, which is equivalent to reducing the City tax levy by 0.5 per cent.
- New initiatives in the 2020 Operating Budget,
which focuses on the delivery of programs and services, total $4.4 million
- MiWay service growth adding 32,600 service hours and 22 transit operators
- Opening of the new Churchill Meadows Community Centre which includes a triple gymnasium, 6 lane – 25 meter indoor pool, therapeutic tank, teaching kitchen and multi-purpose spaces
- Increasing public safety at Mississauga Celebration Square fountain
- Modernizing customer facing library technology and adding Maker Mississauga Programmers to support library programs
- Supporting the Vision Zero Program with the addition of a Program Leader
- Planner and Zoning Examiner to manage demand
- Investing $3.8 million for the construction of new fire stations, trucks and equipment as well as enhanced public education programs and outreach.
- An additional $1.6 million was invested for the implementation of 40 km neighbourhood area speed limits, 30 km School Zones within neighbourhoods, and school area community safety zones within all neighbourhoods citywide.
In addition, through the 2020 approved budget, Mississauga residents will see culture grant programs funded through Mississauga’s Municipal Accommodation Tax (MAT) and enhanced winter maintenance service levels funded by the Winter Maintenance Reserve, approved by Council in July 2019.
The 2020 Stormwater Program operating budget, excluding transfers to reserves, is $43.8 million. Highlights of the business plan include development of a comprehensive asset management plan, infrastructure improvements, flood relief improvement projects and community outreach activities. The Stormwater Charge 2020 increase is set at 2 per cent and amounts to $108.20 per stormwater billing unit. This represents an increase of $2.10 from $106.10 in 2019. For more details on the City’s budget and the budgeting process, visit mississauga.ca/budget.