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Draft 2014 Budget goes to City Council December 11

Dec 03, 2013

Today, the City of Mississauga’s Budget Committee completed its review of staff presentations and reports and has deferred consideration of 2014 Budget  recommendations to City Council.  Council will consider these recommendations at its December 11, 2013 Council meeting.

The recommendations to be considered by Council include a proposed tax increase on the City’s portion of the residential tax bill.  The proposal would result in a 1.8 per cent increase in the total residential tax bill.  Including the proposed Region of Peel budget increase of 0.6 per cent and assuming no increase in the provincial education rate, the total increase in Mississauga residential property taxes is expected to be about 2.4 per cent. 

As the Budget Committee has now deferred its draft recommendations to Council for consideration, the committee meeting originally scheduled for December 4 has been cancelled. 

Key Facts

  • The City’s portion is 31 per cent of a residential property tax bill.  The Region of Peel accounts for 46 per cent, and the provincial education amount is 23 per cent.
  • The increase on the City’s portion of the residential tax bill is 6.1 per cent.  Because the City’s portion is only 31 per cent of the total tax bill, the City’s proposed increase accounts for a 1.8 per cent increase on the total tax bill.
  • The City’s original budget proposal has been amended for operations and diesel fuel cost savings of $700,000 in the transit budget.  These changes reduce the impact of the City’s Budget on the total tax bill from 1.9 per cent to 1.8 per cent.
  • The City’s proposed Budget would result in an increase of about $18 per $100,000 of assessment for 2014.  The City's portion of the total tax bill in 2014, after the increase is added, would be $308 per $100,000 of assessment.
  • City Council must approve the Budget for any increase to take effect.  Council is scheduled to consider the proposed budget and tax increase on December 11, 2013.

All Budget Committee meetings are open to the public and are aired live on Rogers Cable 10.  Delegations can be made at any committee meeting.  All members of City Council are members of the Budget Committee.  Follow us on Twitter and Facebook for live updates. For more information about the Budget Committee and related City Council meetings, visit 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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Media Contact:

Ann Lehman-Allison
Senior Advisor, Corporate Communications
City of Mississauga
905-615-3200 ext.3940
ann.lehman-allison@mississauga.ca


 






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