It’s time for a freeze on property taxes, local business associations told councillors in Mississauga this week. The Mississauga Board of Trade (MBOT) and the five Business Improvement Areas (BIAs) urged Mayor Bonnie Crombie and local councillors to support a property tax freeze at both the City of Mississauga and the Region of Peel in 2021 to show support for local business.
“2020 was an unprecedented year for business in the entire country, and certainly Mississauga businesses felt the economic impact of COVID- 19,” said MBOT CEO David Wojcik. “While most business paid their property taxes, it was not without considerable struggle.”. MBOT, along with the Clarkson, Crooksville, Mahon, Port Credit and Streetsville BIAs, bars of City Council to vote for a property tax freeze in 2021 as they continue deliberations on budgets at both the city and the Region of Peel.
Both budgets are expected to be passed in the coming weeks and property tax rates set for 2021. A Property Tax freeze would send an important signal that Mississauga wants its local businesses to survive, said BIA chairs. “Strong communities rely in large part on strong local businesses.
Support from all levels of government during a pandemic is essential to the well-being of these small businesses,” said Todd Ladner, Chair of the Streetsville BIA.” “Many other municipalities are freezing property taxes in 2021, and the (city and region) should do likewise for their business community,” said Wojcik.