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City of Mississauga Budget Committee Recap Wednesday, October 19

Oct 21, 2011

This week, the City of Mississauga Budget Committee focused on the City's roads and buildings and the funding needed to maintain them in a state of good repair. Currently, the City owns infrastructure with a replacement value of $6.7 billion including roads, bridges, culverts, sidewalks, streetlights and traffic lights, community centres, libraries, pools, arenas, fire stations, parks, playground equipment, buses, bus shelters and vehicles.

The City's infrastructure is generally in good condition but it is aging and its condition is deteriorating. The need to provide funds to rehabilitate or replace these assets has been identified over the past several years and this need is growing.

Budget Committee received presentations on the growing funding shortfall in the City's Road and Facilities programs. The options available for funding these additional needs as well as financial options to meet the infrastructure costs of today and the future include:

1. increasing the property taxes (through annual infrastructure levy) to fund the infrastructure gap;
2. reducing the standard of maintenance on roads and buildings and deferring new initiatives;
3. continuing to seek long-term sustainable funding support from senior levels of government.

The Committee will make a final decision regarding infrastructure funding in the new year when all budget requests have been presented.

Budget Committee also requested further information on the coordination of a volunteer based windrow snow clearing program, confirmed a minimal $2 charge for Transit Route Maps and approved the hiring of a facility manager for the new Garry W. Morden Fire Training Centre opening this fall.

All Budget Committee meetings are open to the public. The full schedule of meetings is posted on the City's website at www.mississauga.ca/portal/cityhall/calendar.

As Canada's sixth largest city, Mississauga is home to 734,000 residents and 55,000 businesses, including 63 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, maintaining infrastructure and continuing to be an employer of choice.






Media Contact:
Alexis Fung Fook
Public Affairs Consultant
Phone: 905-615-3200
TTY:    905-896-5151
Email:   alexis.fungfook@mississauga.ca


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