The City of Mississauga is facing a host of financial pressures, including from other levels of government, that directly affect the property tax rate.
Municipalities like Mississauga do not have multiple revenue sources and must rely on the property tax for most of our funding. When the economy is doing well, the federal and provincial governments benefit through higher revenues from payroll and income taxes, as well as consumption taxes like the Goods and Services Tax (GST) and the Harmonized Sales Tax (HST).
Despite Mississauga’s position as Ontario’s second-largest urban economy and its strong economic performance, the City’s budget does not fully benefit from local economic development efforts and investments.
Property tax was not designed to build major capital projects, construct provincial infrastructure, or address issues like immigration, and healthcare.