2024 budget presentation
The budget was developed
carefully and thoughtfully to take the current economic outlook and inflation
into consideration.
New assessment roll for 2024, 2025 and
2026
A new
property assessment roll was also tabled and will be taking effect on
January 1, 2024. The roll showed a significant gap in terms of growth
in value between the residential and commercial sectors, prompting a tax shift
between the two categories. The average value of a residential property will
increase 59.5% from $472,600 to $753,000. In order to reduce the annual impact
of this shift, the Town will spread the variation in assessed values out over
three years and has adopted a tax strategy covering the duration of the
assessment roll.
Find out more about the assessment role here.
Highlights
·
Operating budget of $38,901,100.
·
Freeze on water and waste management charges.
·
Increase in the general tax for the residential sector on par with the
CPI (Statistics Canada, September 2023, Montreal area) (5 %), which
works out to an average $159 increase per household.
·
Introduction of a special tax on ARTM public transit, which works out to
a 0.25% increase, or an additional $8 per average household.
·
Infrastructure Fund contribution of $0.0224 per $100 of assessment for
the residential sector, or 1.5% more ($48 per average household).
·
Introduction of a new ecofiscal measure to help remove old oil tanks:
property owners are eligible for a grant of up to $1,000, in addition to
financial assistance available through the Quebec government. This program will
be funded through a special tax on oil tanks of $125 per tank.
Investing for Rosemerites
The 2023-2024-2025 three-year capital plan would invest some $18.2 million in 2023 in the community well-being. Of this $18.2 million, $13.2 million would be injected into the consolidation and maintenance of existing infrastructure.
Main focuses in 2023
- Maintaining quality services to citizens
- Implementation of the by-laws and the urban plan
- Access to and use of the Grand Coteau Forest
- Urban forest master plan
- Plan to fight and adapt to climate change
- Community development policy for seniors, families and children
- Waste management plan
- Ongoing efforts as part of the emerald ash borer action plan