The City of Mississauga’s 2019 proposed Business Plan and Budget is now available online at mississauga.ca/budget. It describes the City’s proposed program and service enhancements and how they will be funded for 2019.
The total proposed 2019 operating budget is $874.2 million. This amount is offset by revenue from various sources (e.g., transit fares, recreation fees and development charges) totalling $362.5 million. The property tax funds the budget amount not covered by these revenues.
The proposed overall impact is a 2.75 per cent increase on the 2019 residential property tax bill. Of this, 1.69 per cent is for the City’s services and, based on the target set by Regional Council, 1.07 per cent for Region of Peel services.
The proposed 2019 net operating budget is $511.6 million, compared with $485.2 million in 2018. This represents an increase of approximately $26.4 million over 2018. Continue reading Now Available Online – Mississauga’s Proposed 2019 Business Plan and Budget