Mississuaga Budget Awaits Approval

0
Absolute World Tower Phase IV -‘Marilyn’ tower - A top pick in the 2020 Design Awards.

MISSISSAUGA: Council approval of the City of Mississauga’s 2021 Budget and 2021-2024 Business Plan will follow the Region of Peel’s budget approval. Regional Council discussions regarding operating and capital budgets which began on Thursday, January 28, 2021.

On November 23, 2021, City staff presented an overview of the proposed 2021 Budget and 2021-2024 Business Plan at the Budget Committee.

The 2021 impact from the City’s portion on the residential tax bill is proposed at 1 per cent. On the commercial/ industrial tax bill, the proposed amount is 0.6 percent.

This does not include impacts from Region of Peel services. The 2021 Budget considers financial recovery strategies, outlined to Budget Committee throughout 2020, to offset budget pressures due to the pandemic.

These include:
• Return to normal fee schedule and collection as soon as possible
• No new material service level changes in 2021
• Reduce discretionary spending
• Critical assessment of capital expenditures
• Use of reserves
• Continued collaboration with other municipalities to seek assistance from higher levels of government
• Increase user fees Stormwater Charge

The Stormwater Charge funds the City’s Stormwater Program. It is a dedicated source of funding separate from property taxes. The Stormwater Charge appears on the Region of Peel water bill and in 2021 the rate increase is set at 2 per cent. This means the average residence (approximately 75 per cent) will see an increase of $2.20 or less.

The City’s Budget Committee previously considered new and increased fees and charges for 2021. This included fees for Recreation and Parks, Forestry and Environment programs. Additional revenue of approximately $1.9 million is expected from the increases and new fees. There was no increase to transit fares.

LEAVE A REPLY

Please enter your comment!
Please enter your name here