Montreal is heading into municipal elections in 2017 and Wednesday, mayor Denis Coderre unveiled his budget, showing a rise in residential property taxes.
“We intend to restore Montreal’s grandeur and its reputation as a modern, upright, competitive, sustainable and innovative city,” he wrote in the report.
“To turn this vision into a reality, we have launched a series of sweeping changes in multiple sectors.”
This city is putting up money to renovate the water and sewage systems, roadwork, IT, public transit, sustainable development and more.
The budget also mentions setting money aside for Montreal’s 375th anniversary.
Here’s what you need to know about Montreal’s 2017 budget:
The total budget sits at $5.2 billion, up 2.8 per cent or $140 million since last year.
Residential property taxes will increase by 1.8 per cent, totalling $3.6 billion. City officials claim it’s the smallest hike in nine years.
Non-residential property taxes will increase by 0.9 per cent, “to promote economic development.”
Public transit will receive $546.7 million, up seven per cent from 2016. That includes a $25.6 million contribution to the Societé de Transport de Montréal (STM).
In addition to the $24 million funding announced in the 2015 and 2016 budgets, the city will put another $11 million to Montreal’s 375th anniversary celebrations.
Over the next 10 years, Montreal is expecting to restore 5,100 km of roads, water mains and sewage lines, including $138.4 million for roadwork.
The city has budgeted $157.6 million for snow removal, $5.8 million (3.5 per cent) less than the previous year.
Comments