Budget Committee recap: October 1, 2025 meeting

At the October 1 Budget Committee meeting, Council received reports about the revised and new user fees and charges for 2026. This was part of the anticipated 2026 Budget process. The Committee also received the City’s Financial Report as of June 30, 2025.

Fees and Charges for 2026

As part of the City’s annual budget process, Budget Committee approved the 2026 schedule for fees and charges for City services and programs. Most fees have been updated to account for the rate of inflation, which has been estimated at three per cent.

This includes the updated fees for various services including transit, recreation and culture, transportation and works, library, and permits for people or businesses using certain City services. The City charges these fees to help recover costs for services and activities that it provides.

Some fees were revised, such as for MiWay:

• PRESTO adult single fare, from $3.40 to $3.50
• PRESTO youth single fare, from $2.65 to $2.90
• Adult monthly pass, from $141 to $145
• Affordable Transit Program discounted adult PRESTO monthly pass, from $70.50 to $72.50
• Cash fare for adult and youth, from $4.25 to $4.50
• Cash fare for senior, from $1.00 to $4.50

Since July 2025, seniors ages 65 and older ride MiWay for free with a PRESTO card set to the senior fare type.

The latest increase to the cash fare aims to encourage riders to transition from cash to PRESTO to benefit from discounted fares on PRESTO, get free transfer when connecting with the Toronto Transit Commission (TTC) and GO transit. This also helps harmonize all cash fares paid on MiWay at the same price for all, regardless of age (adults, youth, or seniors).

Read the news release for highlights of the revised and new fees and charges. For full details, view the Budget Committee reports online.

Financial Report as of June 30, 2025

The City is forecasted to be in a deficit position of $13 million at the end of 2025, prior to any application of deficit funding. Any year-end deficit will be offset by a transfer from reserves and reserve funds.

This deficit is due mainly to lower than expected transit revenue, higher than projected settlement costs from collective agreements, higher General Government net costs, higher operating costs in Parks, Forestry & Environment, and the Greater Toronto Airports Authority (GTAA) Payment in Lieu of Taxes (PILT) revenue loss.

A new reserve fund is proposed for the funding of capital repair and refurbishment costs for the artificial turf sports field at Lincoln M. Alexander Secondary School.

Read the full report online.

2026 Budget

The proposed 2026 Budget Book will be released in early January 2026, and the next Budget Committee meeting will be held on January 12 at 9:30 a.m. to deliberate the City’s 2026 Budget. View the full schedule of Budget Committee meeting dates.

To learn more about how the City’s budget works, visit mississauga.ca/budget.

Tags

• Budget and Taxes
• Council and Committees
• Finance and Revenue