In 2025, Montreal owners will face a smaller increase in residential property taxes than the 4.9% jump imposed this year, the Plante administration assured Friday.
“It is certain that we will not be at 4.9%,” said the president of the executive committee Luc Rabouin at a press conference. He recalled that Mme Plante was elected by promising that his tax increases would never exceed the rate of inflation for the Montreal region.
However, taxpayers should not expect a tax freeze. Mr. Rabouin described the evolution of municipal finances in recent months as “really difficult”. “Our revenues are still going down,” he said. “Despite a recovery in the real estate market, there is still no impact on our income. »
Mr. Rabouin appeared before the media to present the 2023 financial report of the City of Montreal.
City Hall ended last year with a surplus of 187 million on a budget of 6.8 billion, or a little more than 2%. “It’s a slight surplus,” he said. ” It’s not a lot. »
Among the highlights of the financial report in 2023: revenues from the welcome tax were much lower than expected and police officers worked much more overtime than budgeted.
In response, the official opposition at city hall argued that the City of Montreal is “on the verge of a financial crisis.”
“The city’s coffers are empty,” attacked Alan DeSousa, finance spokesperson. “Mr’s spending partyme Plante set the city’s finances on fire. »