Dec 11, 2013
Mississauga City Council passed the 2014 Budget today; next year’s tax increase will be 2.4 per cent on the residential property tax bill. The increase includes 1.8 per cent for the City’s services and 0.6 per cent for Region of Peel services.
“I think we’ve done an excellent job at making sure the citizens of Mississauga will continue to get the great quality services they expect at a price they can afford,” said Mayor Hazel McCallion. “The people of Mississauga understand that costs to maintain and provide services like transit, roads, libraries and recreation centres keep rising. But they also know that City Council will make sure our taxes stay among the lowest in the GTA and residents are getting good value for every dollar.”
City Manager and CAO Janice Baker added that the City is in a good position to deliver on the goals set out in the newly approved Budget and to continue to thrive in the future.
“Mississauga’s strategic position in the GTA and our economic strength have given us a great foundation,” she said. “Our sound financial management policies will continue to ensure we deliver the services people in our City value, while staying on track to achieve the goals we’ve set out in the City’s Strategic Plan.”
- The 2014 property tax increase will help the City pay for services that residents depend on and enjoy. Key areas of focus this year include increasing transit service, managing the effects of the Emerald Ash Borer and maintaining City infrastructure. The City will also contribute to the Institute of Management and Innovation Complex at the University of Toronto Mississauga.
- City staff identified $7.9 million in savings for 2014 through efficiencies. These savings have ensured the costs to maintain existing service levels remain below the rate of inflation.
- The City’s Gross Operating Budget for 2014 is $672.2 million. The City delivers services like transit, parks, forestry, recreation, roads and stormwater management and fire and emergency services through its operating budget.
- The City’s Capital Budget for 2014 is $178 million. The capital plan includes transportation projects like the new Transitway, road and bridge rehabilitation and other infrastructure projects like park facilities and storm drainage.
- A total of 41 per cent of the City’s 2014 Budget is funded through user fees and other revenues. Property taxes fund 59 per cent of the budget.
For more information, see our 2014 Business Plan & Budget Backgrounder.
The City’s 2014 Budget was reviewed by the Budget Committee before it was sent to City Council for consideration and approval. All members of Council are members of the Budget Committee. All Budget Committee and City Council meetings in 2013 were open to the public and aired live on Rogers Cable 10, with highlights posted to Facebook and Twitter. For more information about the Budget Committee and related City Council meetings, visit mississauga.ca/budget.
Twittercue: City Council approves #2014Budget; results in 2.4% increase on total residential property tax bill. Info at mississauga.ca/budget.
As Canada's sixth largest city, Mississauga is home to 741,000 residents and more than 54,000 businesses, including more than 60 Fortune 500 companies with Canadian head offices or major divisional head offices. A diverse, progressive and award-winning municipality located on the shores of Lake Ontario in the heart of the Greater Toronto Area, Mississauga is "Leading Today for Tomorrow" by focussing on delivering services, implementing its Strategic Plan, delivering value for money and maintaining infrastructure.
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Senior Advisor, Corporate Communications
City of Mississauga