Côte Saint-Luc will save $4.8 million thanks to fairer funding formula for island-wide service

The City of Côte Saint-Luc as part of the Association of Suburban Municipalities has negotiated a $4.8 million reduction in its share of payments to the agglomeration of Montreal for island-wide services over the next three years--savings that can be used to fund local programs, pay down our debt and reduce taxes by paying less interest on debt. 

“The new formula will allow us to keep more money in Côte Saint-Luc for programs and services that our residents value as well as allow us to reduce our debt and our overall tax rate,” Mayor Mitchell Brownstein said. “It is extremely good news.”

The ASM has argued for years that the percentages were not fair. Mayor Denis Coderre must be commended for being a fair partner in the City of Montreal that worked with us to find a fairer formula.

Côte Saint-Luc will continue to pay into the island-wide Agglomeration of Montreal for services like police, fire, and public transit but at a lower rate. 

Thanks to an agreement between the City of Montreal and the Association of Suburban Municipalities, the formula is changing. As a result, Côte Saint-Luc will be sending less money to the Agglomeration than we do today: $798,541 less in 2017, $1,597,081 less in 2018 and $2,395,622 less in 2019. That’s a savings of between 3 percent to 8 percent each year, compared to what Côte Saint-Luc previously paid the Agglomeration.

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