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Mississauga tax hike gets one green light

<p>Mississauga’s budget committee has decided to press ahead with a 3.9 per cent property tax hike, which, together with a proposed 5 per cent infrastructure levy, could make the city one of the most heavily taxed in the Greater Toronto Area.</p>




Mississauga’s budget committee has decided to press ahead with a 3.9 per cent property tax hike, which, together with a proposed 5 per cent infrastructure levy, could make the city one of the most heavily taxed in the Greater Toronto Area.



Yesterday’s vote, which still has to be formally approved by council in late January, marked an about-face by the committee.



Just last week staff was asked to come back with ideas for cutting almost $2.5 million from the budget — an amount that would reduce the property tax increase by at least 1 per cent.



The staff report came back yesterday with only $195,000 in suggested cuts to a couple smaller programs — less than a tenth of what councillors wanted.



















now or later




  • Even if Mississauga raises taxes by a combined 8.9 per cent in 2008, it faces the prospect of similar hikes in 2009 and 2010.

  • Councillor Carolyn Parrish warned if the city doesn’t reduce the number of new hires in the budget now, the city could find itself in financial straits down the road.


 
 
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