Today, Mississauga City Council approved the 2018 Business Plan and Budget. The impact of the budget is a $141 increase on the City’s portion of the property tax on an average residential property valued at $604,000, or $23.27 per $100,000 of assessment.
In 2018, Mississauga residents will see 46,000 more transit service hours and additional transit security, along with road, traffic and other infrastructure improvements. This is in addition to the services residents expect, including fire and emergency services, winter road maintenance, libraries, recreation programs and parks and forestry.
- The total increase in Mississauga’s residential property tax will be 2.74 per cent. The increase includes 1.58 per cent for City services and 1.16 per cent for the Region of Peel.
- The City advances on its Strategic Plan in 2018 by adding approximately $2.8 million worth of new services, including:
- continuing the MiWay service growth and adding 46,000 service hours;
- increasing support to culture groups and local artists;
- redeveloping the recently-acquired Small Arms Inspection Building;
- hosting the Ontario 55+ Summer Games;
- providing public education about the City’s Active Transportation options to encourage the use of cycling and walking infrastructure; and
- improving the Library’s collection to support the City’s population growth.