The City of Mississauga’s proposed 2020 – 2023 Business Plan and 2020 Budget is now available online. It describes the City’s proposed program and service enhancements and how they will be funded. Highlights include:
- The total proposed 2020 operating budget is $926.1 million. This amount is offset by revenue from various sources (e.g., transit fares, recreation fees and building permit fees) totalling $387.4 million. The property tax funds the budget amount not covered by these revenues.
- The proposed overall impact is a 3.84 per cent increase on the 2020 residential property tax bill. Of this, 1.74 per cent is for the City’s services and, based upon the proposed budget provided to Regional Council, 2.1 per cent for Region of Peel services.
- Every 1 per cent of City tax increase is about $19.50 per average residence, or $2.84 per $100,000 of assessment.
- The proposed 2020 net operating budget is $538.7 million – about $27.8 million higher than the 2019 Budget.