The City of Mississauga is proposing a 5.6 per cent increase on the city portion of the property tax bill.
Blended with the Region of Peel and the province’s education tax, this translates to an overall increase of 3.08 per cent. Last year, the city approved an increase of 5.7 per cent, which translated to an overall tax increase of 2.9 per cent.
City staff presented the figures to councillors last week during the budget committee meeting, which provided an overview of the city’s financials heading into the 2018 budget cycle.
The 5.6 per cent increase on the city portion of the tax bill is the result of a two per cent capital infrastructure and debt repayment levy, 0.5 per cent commitment to finance the $18 million Churchill Meadow pool, the construction of a $2.2 million fire station and increased investments in local transit. – CINEWS