Today, Council approved the 2022-2025 Business Plan and 2022 Budget for the City of Mississauga. The budget maintains the City’s commitment to sound financial management and value for taxpayers’ resources, while making prudent investments to ensure the City is ready for the future and continues to be a destination for taxpayers. economic investments and job creation.
In 2022, Mississauga residents will see a 1.5% increase in the municipal portion of the residential tax bill and business owners will see a 1% increase in the municipal portion of the tax bill. commercial / industrial. The City’s budget balances competing priorities and guides investments in more than 200 programs and services, including recreation, parks, and fire and emergency services, ensuring they remain affordable for residents and businesses. from Mississauga.
“The year’s budget is light, flexible, and allows us to manage the changing needs and expectations of Mississauga residents and businesses as we work to meet our short and long term recovery goals,” said the Mayor Bonnie Crombie. “Difficult times call for careful and thoughtful action. I would like to thank our board and staff for their hard work and careful consideration of the needs of the City, including significant strategic investments in public safety, the maintenance of our infrastructure and our green assets. I am proud of this plan which ensures that we can meet the needs of residents while building a bright and promising future.
The approved 2022 business plan and budget for 2022-2025 outlines how and where the City plans to allocate resources to meet service expectations over the next four years. The 2022 budget includes the following investments:
- $ 99.6 million for the acquisition of hybrid replacement buses
- $ 30.4 million for road repairs
- $ 25.4 million for the renovation of the central library
- $ 25.4 million for winter maintenance
- $ 21.1 million for the redevelopment of the Burnhamthorpe community center
- $ 24.3 million for the redevelopment and renewal of the park
- $ 9.4 million for active transportation
- $ 3 million for the aerial spraying program
“Although 2022 is another difficult year with loss of transit riders and other impacts related to the pandemic, we have focused on developing a strong financial plan centered on the strategic priorities of the City. We have reduced costs, limited expenses and invested strategically in quality services, ”said Paul Mitcham, Managing Director and Chief Administrative Officer (CAO). “City staff have done an excellent job working with Council to strike a balance between the delivery of City services and programs, strategic planning and sustaining existing services. We remain optimistic about the future and continue to make decisions to help us mitigate the continuing impacts of the pandemic. This includes the promotion and use of financial support from the federal and provincial governments to offset our forecast deficit.
“A large portion of the 2022 budget invests in projects to build, maintain and rehabilitate the infrastructure our residents rely on, such as community centers, roads, sidewalks and bike paths,” said Shari Lichterman, Services Commissioner Company and Chief Financial Officer (CFO). “While we use the 2% annual tax to help maintain and replace our infrastructure, that is not enough to fully cover the costs of keeping these assets in good condition. As we implement our Board-approved asset management plan, we continue to seek relief and funding from other sources and levels of government to help close our infrastructure gap.
The City’s Lean program offers a culture of continuous improvement. Since the adoption of the program in 2014, the City has achieved $ 24.7 million in savings and cost avoidance.
Each year, all city departments are challenged to find savings equal to one percent of their budget. Budget 2022 includes $ 5.2 million in savings and budget reductions in various areas.
The stormwater charge that appears on the Region of Peel’s water bill funds the City’s stormwater management program. It is a dedicated source of funding separate from property taxes. The proposed rate for stormwater charges for 2022, effective April 1, 2022, is $ 113.40 per stormwater billing unit, an increase of $ 3 from the 2021 rate.
For more details on the City’s approved 2022 budget and budget process, visit mississauga.ca/budget.
FACT SHEET: 2022 budget approved
City of Mississauga Media Relations
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