The City of Mississauga is looking for a new way to fund its stormwater management program. A stormwater financing study is underway, according to a recent press release.
“The City’s stormwater management system is a valued infrastructure asset that protects the quality of our water,” said Martin Powell, commissioner, Transportation and Works Department. “This aging stormwater system combined with future needs and competing financial pressures across Mississauga is forcing the City to consider new ways to fund the system beyond property taxes and development charges.”
The City has hired a consultant to identify, review and evaluate alternative funding methods to support the program. The consultation process includes setting up a Stormwater Financing Stakeholder Group made up of a sampling of residential, commercial/industrial and others; as well as public information centre open to members of the general public.
Recommendations based on findings from the consultant and input from the public, will be made to City Council in October.