Proposed Mississauga budget moves ahead with 4.9 per cent spending boost

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Mississauga’s 2020 budget, which would increase the city’s portion of resident property taxes by 1.7 per cent, is moving forward.

The proposed fiscal plan passed the city’s budget committee Nov. 20 and would boost property tax supported spending to $538.7 million, an increase of around $27.8 million (4.9 per cent) over last year.

For the Mississauga portion of property taxes, the increase means $96 more on a house assessed at $688,000, according city staff. With the proposed 2020 Peel Region rate, residents could face a total property tax increase of 3.84 per cent, or $211.84 on a house assessed at $688,000.

Mississauga Mayor Bonnie Crombie said there’s “work to do at the region,” but noted the city portion of the tax increase is below measures like the consumer price index and in line with other cities in the GTHA.

Mississauga’s 2020 budget, which would increase the city’s portion of resident property taxes by 1.7 per cent, is moving forward.

The proposed fiscal plan passed the city’s budget committee Nov. 20 and would boost property tax supported spending to $538.7 million, an increase of around $27.8 million (4.9 per cent) over last year.

For the Mississauga portion of property taxes, the increase means $96 more on a house assessed at $688,000, according city staff. With the proposed 2020 Peel Region rate, residents could face a total property tax increase of 3.84 per cent, or $211.84 on a house assessed at $688,000.

Mississauga Mayor Bonnie Crombie said there’s “work to do at the region,” but noted the city portion of the tax increase is below measures like the consumer price index and in line with other cities in the GTHA.