Deux-Montagnes, December 14, 2018 – Yesterday, the City of Deux-Montagnes administration presented its budget for 2019. For a sixth consecutive year, the average increase in tax rates for Deux-Montagnes residents will be on the annual rate of inflation. For 2019, in fact, the impact on tax bill will be a 1.15 % increase for a residence of average value – well below projected inflation figures.
City’s 2019 Budget Adopted
One noteworthy item on this year’s tax bill is the increase of the “public transit” portion for contributions to the new Metropolitan Regional Transport Authority (ARTM).
Another important note is the very significant reduction in debt, which has lowered debt service charges in the Deux-Montagnes operating budget. This sound debt management also buys the city protection against the potential impact of higher interest rates in the future. Note that the rate of property tax decreases for residential near 4%.
The City of Deux-Montagnes will continue its impressive financial recovery process, which began in the fall of 2013, making it possible to deliver high-quality public services in a sustainable manner.
Deux-Montagnes Mayor Denis Martin concluded his presentation by thanking the municipal councillors and city employees who worked so hard to bring down a strictly balanced budget that respects the ability of residents to pay, while still maintaining excellent services.
For more detailed financial information on the 2019 budget or on the three-year capital expenditure program, please visit our website atwww.ville.deux-montagnes.qc.ca.
You will find the 2019 budget presentation,Click here