Montréal presents its 2023 Budget and Ten-year capital works program

Published November 29, 2022 - 11:14 am
Last updated November 29, 2022 - 11:20 am

Montréal presents its 2023 operating budget and its 2023-2032 ten-year capital works program. Find out the details.

For a safer, greener and more inclusive city

The city is presenting a balanced budget of $6.76 billion for 2023 and a $22 billion ten-year capital works program for 2023-2032.

This budget program takes into account Montrealers’ ability to pay. In addition to accelerating ecological transition, the budget and program include measures to strengthen safety and support the most vulnerable, and to develop affordable and accessible living environments.

Some highlights of the 2023 Budget and 2023-2032 Ten-year capital works program:

Taxation

  • Property tax increases are limited to 4.1 per cent for residential properties and 2.9 per cent for non-residential properties.
  • Changes in value on the new 2023-2025 property assessment roll will be applied over three years to reduce the impact.
  • The tax rate has been adjusted downward to offset the change in property value
  • Application of differential rates for non-residential buildings, meant to support stores and businesses, will continue.

Public safety

  • Budget for the Mobile Social Intervention Team (MSIT) increased to $10 million in 2023.
  • Budget of the Service de police de la Ville de Montréal (SPVM) increased by $63.2 million, and 270 additional police officers to be hired by 2025.

Housing

  • Investment in the development of affordable housing to increase (to $480 million by 2032), to achieve the objectives of Chantier Montréal abordable (affordable city project)

Mobility

  • Free public transit on the island of Montréal for seniors 65 and over ($24 million reserved in the city’s budget).
  • Investment in the safety, development and maintenance of the bicycle network to rise to $507 million over ten years.

Ecological transition

  • Studies to replace the incinerators at the Jean-R. Marcotte station, which generate 30 per cent of GHGs from municipal buildings ($682 million by 2032), to continue.
  • Ozone wastewater disinfection plant that will eliminate nearly all bacteria and substances discharged into the river ($461 million until 2025) to be built.