The city’s preliminary outlook budget forecast for 2020 points to a tax increase of three per cent for Mississauga residents — about $100 more for owners of the average single family detached home.

That number, of course, is due to change as the city’s budget committee undergoes its deliberations until the final budget is approved in December 2019.

The first of the committee’s meetings took place on June 26, when city treasurer Jeff Jackson provided an overview of the preliminary forecast for the 2020 budget and the 2020-2023 business plan. Additional meetings take place on Oct. 2, Nov. 18, 25-27, and final approval on Dec. 11.

The 2020 budget is expected to increase by 4.9 per cent to $538.7 million from last year’s budget of $510.9 million. Property taxes are split between the City of Mississauga (35 per cent), the Region of Peel (44 per cent), and the province to fund education (21 per cent).

“The 4.9 per cent city portion translates to 1.75 per cent on the tax bill,” Jackson said during his presentation. “The region had approved a 2.9 per cent increase in their budget, and based on that it translates to 1.29 per cent on the tax bill.”

“The two numbers add up to 3.04 per cent,” he told council.

Jackson added that the region is expected to provide an update on its budget target of 2.9 per cent — decided before the province’s regional government review was announced.

Mississauga is also waiting for the results of the review, since it will directly affect 2020’s budget. In the event that the region is dissolved, Mississauga expects up to $84 million in savings.

The commercial and industrial property tax bill is forecast to increase by 1.85 per cent — 1.07 per cent from the city, and 0.78 per cent from the region.

For residents, it means owners of a single family home priced at $688,000 based on the average assessment value in Mississauga will pay about $100 more next year on their property taxes.