2020 Budget
ROSEMÈRE, Monday, December 16, 2019 – Mayor Eric Westram presented the 2020 budget estimates that were adopted by Town Council at its special meeting on December 16. "Since taking office, we have focused on consultation with our residents in order to clearly identify their needs, expectations and ability to pay. With our urbanistic vision taking shape from day to day, the next two years will make it possible to develop the Rosemère of tomorrow in a way that respects our community," stated the Mayor.Highlights
- Operating budget of $32,226,400
- Introduction of a new tax for infrastructure consolidation
- Protection of areas that are sensitive to climate change
- Improvements to services for residents
- Implementation of a community life development plan
- 50% reduction in the use of the accumulated surplus to balance the budget ($350,000), equivalent to 1.5% of municipal tax
The operating budget, amounting to $32,226,400, is slightly higher (by 1.8%) compared to 2019. With the CPI in Québec at 2.3%, rigorous management of public funds remains a constant priority for the Westram Administration.
An enviable tax bill
The 2020 budget provides for a 2.1% adjustment, on average, to the general residential property tax (including the rates of service charges). By adding the new tax for infrastructure consolidation ($0.0043), validated by residents during a public consultation, the new tax rate will come to 0.5452 per $100 of assessment. Consequently, for the average house in Rosemère, the infrastructure consolidation tax represents an adjustment of approximately $18, while in total, the fluctuation will be $76.
For the non-residential sector, the rate of taxation for general property tax will be set at $1.7452 per $100 of assessment. The impact for the non-residential sector is different for each business, depending on the variation in values on the property assessment roll. It should be noted that there is no transfer of the tax burden between the residential and non-residential sectors.
Rosemère is also maintaining its enviable regional position. In 2018, the owners of an average Rosemère home paid 9% less property tax, while benefiting from a 30% higher value of their property. Moreover, the Town of Rosemère is 50% less in debt. "Our financial management policy is to ensure that Rosemerites continue to pay less tax and obtain more value for their home than elsewhere," added the Mayor.
Investing in infrastructures and Rosemerites' quality of life
The budget will make it possible to invest approximately $11.3 million, in 2020, in the well-being of the community. Here are the main investments:
- Infrastructure consolidation plan
- Charbonneau Park pavilion and development
- Emergency measures equipment
Click here to consult the full presentation.
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