Mississauga's 2026 budget is now final. The city announced on Wednesday, Jan. 28, that the budget has been adopted after a month of committee meetings and ward town halls, with its share of this year's property tax increase holding at the 1.61 per cent first proposed in early January.

With Peel Region's 3.60 per cent increase, the total increase on Mississauga tax bills for 2026 is 5.21 per cent. The city says that is four per cent less than the 2025 increase. It works out to $53.91 more for every $100,000 of assessed value, or $377.37 for a home assessed at $700,000.

The city's overall budget is going up 4.39 per cent. The smaller increase on the tax bill reflects how Mississauga's tax dollar is split. The city keeps 37 cents of every property tax dollar, while 48 cents goes to Peel Region for police and other services and 15 cents goes to the province for education.

How the increase was kept down

The adopted budget keeps the measures in the January proposal, including $17.4 million in savings and a one-year cut to the capital infrastructure and debt repayment levy, from three per cent to one per cent. A separate one per cent fire program levy is paused for a year, though the city says essential repairs to fire stations and equipment will go ahead.

Mississauga residents provided candid feedback to help shape the 2026 Budget, and the City listened and responded to keep the tax increase minimal and under the current rate of inflation.

— Mayor Carolyn Parrish

What the money pays for

The city highlighted these items in the 2026 budget:

  • More bylaw enforcement officers for high-priority areas, and more planning and building staff to speed up development approvals

  • Winter maintenance, including citywide windrow and sidewalk clearing

  • Road rehabilitation, including the Ninth Line widening

  • Design of new fire stations 127 in Lorne Park and 128 in North Lakeview, both targeted to open in 2029

  • Construction of the Glenforest Youth Hub, targeted to open in the first quarter of 2028

  • The South Common Community Centre and Library renovation, expected to reopen by the end of 2027 with a new aquatics centre and gym

  • 78 hybrid buses for MiWay

  • Free fitness memberships for residents 65 and older, and free PRESTO fares for seniors and children 12 and under

Residents commented on the budget at more than a dozen ward town halls and at budget committee meetings in January.

City manager Geoff Wright said the budget delivers "on all fronts" and is aligned with the city's strategic priorities. More detail is on the city's budget page at mississauga.ca/budget.