City of Mississauga

City of Mississauga

April 24, 2008 09:58 ET

Mississauga Council Approves a One Per Cent Levy to Help Maintain City Infrastructure

MISSISSAUGA, ONTARIO--(Marketwire - April 24, 2008) - Yesterday, Council voted to approve a one per cent special infrastructure levy that will be added to the City's portion of the property tax to help maintain the City's buildings, roads and bridges.

"We have listened to residents and their feedback is reflected in our decision to implement a one per cent infrastructure levy for capital expenditures," said Mayor Hazel McCallion. "I want to make it clear that this added funding will not do the job. The property tax cannot sustain both the operating and capital cost of infrastructure. This infrastructure levy is only a small contribution toward our infrastructure deficit. Infrastructure funding will remain a critical issue in the years to come, so our message remains the same, cities need increased capital infrastructure funding from senior levels of government - now!"

According to the staff report, the one per cent levy will be added to the final tax bill distributed to residents in early May and will generate approximately $2.5 million per year for the City. This increase will add an average of $10 per year to the average homeowner's tax bill (based on a home valued at $365,000) and will be mandated solely for use on City infrastructure projects.

"While recent funding announcements are a step in the right direction, they fall short of the permanent sustainable funding we have been asking for, and which only the federal and provincial governments have the capacity to provide," added Mayor McCallion.

Mississauga is Canada's sixth largest city with a population of more than 700,000. With Well-established infrastructure and state of the art facilities, the City is considered to be an employer of choice, delivering quality municipal programs and services to its citizens. Mississauga is a dynamic, diverse, and progressive municipality, known for its economic strength and for being Canada's safest city.

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