Council Approves 2016 Business Plan and Budget

Mississauga City Council has approved the 2016 Business Plan and Budget. The impact of the budget is a $77 increase on the City’s portion of the property tax on an average residential property valued at $535,000.

“Mississauga’s 2016 Budget is a solid financial plan for our thriving city that paves the way for our promising future,” said Mayor Bonnie Crombie. “We heard from residents about their funding priorities and together we have put forward a fiscally-responsible budget that invests in local priorities including building infrastructure, expanding public transit and delivering the right services for residents.”

In 2016, Mississauga residents can expect to see 28,000 more transit service hours, three new Transitway stations, road and traffic improvements and continued delivery of all the services they depend on including winter road maintenance, libraries, parks and forestry, fire and emergency services and recreation programming.

“Our steadfast commitment to fiscal responsibility and innovation continues to yield positive results,” said Janice Baker, City Manager and Chief Administrative Officer. “We have been able to identify $4.7 million in cost savings, which is equivalent to reducing the City tax levy by 1.1 per cent as well as wisely invest our limited resources for improvements in key areas like transit and infrastructure.”

Highlights of the 2016 Business Plan and Budget:

• The total increase in Mississauga’s residential property tax will be 2.5 per cent. The increase includes 1.6 per cent for City services and 0.9 per cent for the Region of Peel.
• The City advances on its Strategic Plan in 2016 by adding approximately $7 million worth of new service, including:
  • continuing the low-income transit pass pilot
  • adding 28,000 transit service hours
  • opening three new Mississauga Transitway stations (Winston Churchill, Tahoe and Etobicoke Creek)
  • increasing the City’s fire prevention efforts by adding capacity for public education and plans examination
  • improving the City’s disaster resilience
  • improving the Library’s collection and completing the Woodlands and Meadowvale libraries redevelopments
  • promoting our City as a tourism destination
  • reopening the renovated Meadowvale Community Centre
  • beginning phase one design and construction of a community centre for Park 459 in Ward 10

For more details on the City’s budget and the budgeting process visit, mississauga.ca/budget.