By Karen Ras, Ward 2
What does this mean for you?
Residents at a recent Budget Town Hall in Ward 2 and attendees to budget committee meetings heard that the proposed overall tax impact on residents is a 2.74 per cent increase on the 2018 residential property tax bill. Of this, 1.58 per cent is for the City’s services, and 1.16 per cent for Region of Peel services.
For the owners of an average, detached, single-family home in Mississauga (value $604,000), a 2.74 per cent overall tax increase comes to $141, or $23.27 per $100,000 of assessment, before any phased-in assessment change.
The overall tax increase is 1.64 per cent on the 2018 commercial/industrial property tax bill. Of this, 0.95 per cent is for the City’s services, and 0.70 per cent for Region of Peel services.
From September 11 to November 1, the City encouraged residents to have their say about the budget by trying the online budget allocator tool, visiting the City’s budget web page and participating in one of three telephone budget sessions. Through these engagement activities, 23,823 residents provided input on the City’s proposed 2018 Budget.
Based on the results from the online budget allocator, most residents agreed with the proposed spending for 2018. Many identified traffic management and winter road maintenance as the City services to receive increased spending.
The value of Mississauga’s infrastructure is approximately $8.9 billion. This includes, for example, the current replacement cost of our roads, bridges, trails, storm water systems, City buildings, transit system, street and traffic lights, and other equipment. The City maintains these assets in accordance with industry standards, legislative requirements and citizen expectations. But the City’s infrastructure is aging and maintenance costs are increasing – especially lifecycle costs such as roof replacements, boilers, heating and cooling systems, elevators, and even parking lots.
During the period 2018-2021 the City will increase funding for infrastructure maintenance while improving internal systems to integrate and improve asset management.
Information about the City’s budget and the budget process is available online at mississauga.ca/budget.
The Budget process is a year-long process. It’s never too late to get involved or have your say!
Residents can participate in the budget process as follows:
• email questions and comments to firstname.lastname@example.org
• contact the Mayor or your Councillor
• attend Budget Committee meetings in person, watch them live online
• receive updates on Twitter and Facebook.