2023 to 2026 Business Plan & 2023 Budget

It relates the Business Plan & Budget to the City’s Strategic Plan and provides the big picture including total revenues and expenses, the property tax increase required, the capital budget and how it is financed, benchmarking against other municipalities, and information about Mississauga and the Corporation of the City of Mississauga. [...] The majority of the transit capital budget is allocated to the acquisition of hybrid buses and the refurbishment or replacement of major components of other buses that remain in the fleet. [...] Budget Drivers The operating budget is presented by four major drivers: • The cost to maintain current service levels adjusted for efficiencies and cost savings and assessment growth is the total cost required to continue normal and approved City operations • The cost to implement proposed new initiatives • The cost to fund the Public Safety Fire Program • The cost of the Capital Infrastructure an. [...] The City of Mississauga property taxpayer is impacted by the decisions of the City of Mississauga, the Region of Peel, and the Province, through education tax rates. [...] The analysis provides the average annual funding requirements over the 100-year period The difference between the capital infrastructure requirements and the available funding committed in the 2023-2032 capital budget is the infrastructure gap for the Stormwater Program.