With #Bill23 passing into law today, here is what you need to know #Mississauga: The legislation will cost @citymississauga $885M over ten years in development charge and money for new parks. It’s equal to losing 20% of our capital budget. The province argues that cities are not sitting on reserves. This is false. Development charges are earmarked for capital projects - the infrastructure projects like bridges, transit, fire stations and community centres that make our city great. We only collect what we need.