Budget Spotlights 2026 #9: The Final Budget

Shortly before the holidays, Council approved the 2026 Mississippi Mills Budget—an important step in shaping the municipality’s future.

The budget includes:

• A 5.40% municipal tax rate increase
• A 9.5% rise in the police levy
• The introduction of a new 1% capital asset levy

For a home assessed at the community median of $340,000, that works out to about $184.56 for the year, with $18.82 of that dedicated to the new capital asset levy. This levy creates a stable, long-term funding source to help the Municipality keep pace with growing infrastructure needs.

This year’s budget is rooted in years of community-driven planning, including the MM2048 master planning process and the updated Long Term Financial Plan. Together, these plans highlight the scale of upcoming challenges: $171 million in required capital investments over the next five years, and $643 million over the next 25. These needs far exceed the Municipality’s current borrowing capacity. The 2026 budget begins closing that gap by prioritizing core infrastructure and making it easier for residents to see how their tax dollars support long-term community priorities.