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Looking for New Way to Fund Stormwater Service

Apr 19, 2012

The City of Mississauga has started a review of its stormwater management program with a goal of finding a new way to fund this critical service. At yesterday's General Committee meeting, a staff report outlined the goals of a stormwater financing study now underway.

"The City's stormwater management system is a valued infrastructure asset that protects the quality of our water," said Martin Powell, commissioner, Transportation and Works Department. "This aging stormwater system combined with future needs and competing financial pressures across Mississauga is forcing the City to consider new ways to fund the system beyond property taxes and development charges."

As part of the study, the City has hired a consultant to identify, review and evaluate alternative funding methods to support the City's stormwater management program. Public consultation includes setting up a Stormwater Financing Stakeholder Group made up of a sampling of residential, commercial/industrial and others; as well as public information centre open to members of the general public.

At the conclusion of the study in October, staff will make recommendations to City Council, based on the findings from the consultant and input from the public.

For further information on the Stormwater Financing Study, visit:
http://www.mississauga.ca/portal/residents/stormwaterfinancingstudy


As Canada's sixth largest city, Mississauga is home to 738,000 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 and maintaining infrastructure.

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Media Contact:
Kimberly Hicks
Communications Advisor, Transportation & Works
Phone: 905-615-3200 x5232
TTY:    905-896-5151
Email:   kimberly.hicks@mississauga.ca


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