Budget Committee recap: April 22, 2026, 1 p.m. meeting

At the April 22, 2026 Budget Committee meeting, Council reviewed several financial reports and discussed plans for the 2027 Budget.

Watch the discussion online.

Presentations

Budget Committee received the following presentations:

1. Presentation by a resident about participatory budgeting
2. Presentation by Faraz Agha, City of Mississauga’s Director, Finance and Deputy Treasurer, about the 2025 Year-End Financial Report and Quarter 1 Update.

Mr. Agha’s presentation explained that the City ended 2025 with a $5.4 million deficit as a result of higher-than-expected expenses and pressures on City revenue. To cover the shortfall, the City will use funds from its Fiscal Stability Reserve.

The Stormwater operating program had a 2025 year-end surplus of $4.6 million.

Mr. Agha also provided the first quarter financial outlook for 2026, which included impacts from changing fuel prices, transit ridership numbers, inflation, legislative changes and other factors.

He also shared a proposed timeline for the 2027 Budget which is currently in development. The tentative schedule includes:

• November 25, 2026 – Budget Committee meeting to discuss user fees and charges.
• January 12, 2027 – Proposed 2027 Budget will be published online for public review.
• January 18, 19, 25 and 26, 2027 – Budget Committee presentations (including public consultation).
• February 3 or 10, 2027 – Budget amendments will be considered

Public questions

Two members of the public asked questions on several topics. These included reserve fund transfers, labour costs, the budget for waste collection services, the budget process, keeping taxes low and other matters.

The Budget Committee was also asked by a member of the public to consider allowing more time between the release of the 2027 Proposed Budget and the start of Budget Committee meetings.

Matters considered

Budget Committee reviewed and approved the following reports:

• 2025 Year End Financial Report and Quarter 1 update as at March 31, 2026
• Capital Works in Progress (WIP) Update as at December 31, 2025
• Annual Grants Report
• 2025 Year End Reserves and Reserve Funds Report

The next Budget Committee meeting is scheduled for November 25, 2026.

Tags

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