The total increase in Mississauga’s residential property tax will be 2.74 per cent; No Council support for Port Credit Marina redevelopment
Today, Mississauga City Council approved the 2018 Business Plan and Budget. The impact of the budget is a $141 increase on the City’s portion of the property tax on an average residential property valued at $604,000, or $23.27 per $100,000 of assessment.
We heard directly from residents and business owners about their city-building priorities including investing to expand public transit; combating gridlock by improving traffic management; offering a variety of recreational programs at our many community centres; and improving housing affordability.” – Mayor Crombie
“Mississauga’s 2018 Budget is a strong financial plan that invests in our city today and for the future, while continuing to provide families with the quality local services they rely on each day,” said Mayor Bonnie Crombie. “We heard directly from residents and business owners about their city-building priorities including investing to expand public transit; combating gridlock by improving traffic management; offering a variety of recreational programs at our many community centres; and improving housing affordability. Budget 2018 also ensures local government programs and services continue to be managed well and are delivered in a cost-effective way. Budget 2018 projects savings of over $3 million of taxpayers’ hard-earned money. This means a savings of nearly $52 million over the past decade. Its further proof Mississauga is working. I want to thank our team of professional staff, my Council colleagues and our community for coming together to shape our promising future with Budget 2018.”
In 2018, Mississauga residents will see 46,000 more transit service hours and additional transit security, along with road, traffic and other infrastructure improvements. This is in addition to the services residents expect, including fire and emergency services, winter road maintenance, libraries, recreation programs and parks and forestry.
“Our business planning and budgeting activity focuses on our ongoing commitment to fiscal responsibility and continuous improvement,” said Janice Baker, City Manager and Chief Administrative Officer. “This, together with the expertise and dedication of our people, helps us build on our progress and advance our strategic priorities. We are investing our resources wisely on improvements to transit and infrastructure and ensuring excellent customer service for residents.”
Highlights of the 2018 Business Plan and Budget:
- The total increase in Mississauga’s residential property tax will be 2.74 per cent. The increase includes 1.58 per cent for City services and 1.16 per cent for the Region of Peel.
- The City advances on its Strategic Plan in 2018 by adding approximately $2.8 million worth of new services, including:
- continuing the MiWay service growth and adding 46,000 service hours;
- increasing support to culture groups and local artists;
- redeveloping the recently-acquired Small Arms Inspection Building;
- hosting the Ontario 55+ Summer Games;
- providing public education about the City’s Active Transportation options to encourage the use of cycling and walking infrastructure; and
- improving the Library’s collection to support the City’s population growth.
The 2018 Stormwater Program operating budget, excluding transfers to reserves, is $11.9 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 rate for 2018 is $104 per stormwater billing unit.
For more details on the City’s budget and the budgeting process, visit mississauga.ca/budget.