- Average increase in taxes for single-family home valued at $572,300: 0.9 percent
- No increase in water tax and non-residential tax
- Increase in revenues (due to growth in property roll): 1.46 percent
- Revenues from property taxes: 86 percent
- Revenues from local improvement taxes: 0.22 percent
- Revenues from compensation in lieu of taxes: 2.48 percent
- Other revenues (eg, program fees, memberships, etc.): 11.3 percent
Côte Saint-Luc adopts 2014 budget: city spending stays flat, average residential property tax increase of 0.9 percent
February 5, 2014
The City of Côte Saint-Luc has adopted an operating budget for 2014 that kept spending flat and saw the property tax of an average single-family home in the city equal to the Canadian rate of inflation, which is 0.9 percent.
“We adopted a budget that controls costs and maintains all our public services across the city,” Mayor Anthony Housefather said.
The Côte Saint-Luc City Council adopted the $65.2 million operating budget on February 3, 2014. The adoption was delayed because Côte Saint-Luc needed to know how much Agglomeration of Montreal budget would be. About 42.8 percent of all taxes collected by Côte Saint-Luc are transferred to the island-wide regional government, which funds services such as police, fire, and public transit.
The property tax bills will be sent to homes in mid-February. The deadline to pay property taxes has been set at March 28 for the first installment and June 27 for the second installment.
“As a responsible city administration sensitive to the financial constraints of our taxpayers we made every effort to meet our target and hold the tax increase to less than 1 percent – with no increase in water tax – all in line with the increase in the cost of living,” said Councillor Dida Berku, the council member responsible for finances.
Budget and tax highlights include the following:
The three-year capital expenditures plan was adopted at a public meeting on December 16, 2013. Approximately $8 million in capital expenses is anticipated in 2014.