Montréal has released its annual financial reports and statements for 2021. Despite ongoing economic and social challenges, the city’s teams continue to serve the population, plan the future of the metropolis, and responsibly manage municipal finances.
A surplus of $293.1 million
Despite pandemic-related uncertainties, Montréal reported an unconsolidated surplus for tax purposes of $293.1 million from operating activities. This surplus is primarily due to savings realized throughout the municipal administration, and to an increase in certain revenues, particularly those related to the thriving real estate sector. This additional cushion will make it easier for the city to return to business as usual and regain its momentum.
Serving the population and preparing for the future
Municipal departments have taken concrete measures to maintain services and support the most vulnerable, while working on strategic projects to create the Montréal of tomorrow.
2021 achievements include:
- Implementation of special measures to support organizations, businesses and enterprises:
- Implementation of tax relief measures: a freeze on property tax increases under the jurisdiction of the municipal council, and extension of tax payment deadlines
- Support for people experiencing homelessness, including the provision of emergency shelter and food services, and for organizations with $24.3 million in contributions
- Creation of the ELTA team to combat arms trafficking, and an additional $8 million budget allocation to deal with the increase in firearms incidents
- Implementation of the By-Law for a diverse metropolis to encourage the development of social, affordable and family housing
- Development of Montréal’s first participatory budget: 620 ideas were submitted and 20,000 people voted
- Adoption of the 2021-2023 Transportation Electrification strategy. Implementation of the first measures of the 2020-2030 Climate plan including the adoption of a by-law on the sale and use of many pesticides and the start of planting 500,000 trees over 10 years
- Deployment of the Montréal 2030 Strategic Plan and adoption of the City Vision document which will guide the future 2050 Land Use and Mobility Plan.