Montréal unveils its 2021 operating budget as well as its 2021-2030 Ten-year capital works program. Despite a difficult financial context, it is a balanced budget, one that does not place an additional tax burden on households.
A responsible budget in the context of a health crisis
The city is presenting a balanced budget of $6.17 G for the year 2021 and a Ten-year capital works program for the years 2021-2030 totaling $18.69 G. Developed in a difficult context, at a time when Montréal is particularly affected by the consequences of the pandemic, the 2021 Budget aims to support Montrealers while preparing the economic recovery and the future of our metropolis.
A 10-year horizon for investments
For the very first time, the city is tabling a Ten-year capital works program rather than the usual Three-year capital works program. Montréal’s investments are thus planned over the span of 10 years. This will enable the city to improve the planning of its major projects and to continue to take action with respect to economic development, the ecological transition, sustainable mobility, housing, as well as solidarity, equity and inclusion.
Concrete measures for Montrealers and for the future
The 2021 budget as well as the 2021-2030 Ten-year capital works program provide concrete measures to weather the current crisis, but also solutions presented as levers to prepare the future of our city.
Highlights of the 2021 budget:
- Tax freeze for both residential and non-residential taxes under city council jurisdiction.
- Improved measures for differentiated rates with a reduced tax burden for smaller non-residential immovable property owners, namely for neighborhood businesses.
- Beginning of the second phase of the economic recovery plan with a budget of $50 M to meet the most pressing needs of Montréal’s businesses, while stimulating investments in promising sectors.
- Additional 50% reduction to reduced fares for seniors, as well as to provide free access to children younger than 12 years old to the entire STM system.
- Measures for seniors, vulnerable Montrealers and homeless persons.
See more details of the 2021 Budget 2021 and the 2021-2030 Ten-year capital works program.