Budget 2017

To consult the 2017 Budget and the 2016 Financial Report, please click here 

To consult the City of Beaconsfield's management indicators for the financial year 2014, please click here. Available in French only.

The budget was adopted this past December 19. The average Beaconsfi eld property value rose to $571,647, up from $537,885 in 2013, after the Agglomeration of Montreal property assessment roll was submitted last September. The average value of single-family units increased by 6.28% over three years, but the impact of that growth in value is offset by the reduced tax rate.
 
An agreement between the mayors of the Montreal Agglomeration was established in order to end lengthy debates concerning “the development of the downtown area and setting prices on drinking water,” the latter formerly based on property value rather than actual consumption. The agreement is beneficial and determines city centre costs, once and for all, while empowering each city regarding management and consumption of drinking water. As Beaconsfield has been equipped with meters since the water network was installed, both the City and its citizens have been aware of and responsible for drinking water consumption for quite some time.
 
The effects of Law 15 concerning the sustainability of municipal employee pension plans are included in the budget. The City and its employees agreed on new parameters: over time, they will each contribute to half of the cost of the plan and will also assume the defi cit risks as well as the benefi ts of surpluses, in equal parts. For 2017, the City expects recurring savings in the range of $150,000.
 
The City’s overall budget rose to $42,317,331, an increase of 1.89%, compared to the previous year.

 

It is allocated as follows:

  • Operation and financial activities $21,675,252     2.36% increase
  • Contribution to the agglomeration $20,642,079    1.39% increase

HIGHLIGHTS

Beaconsfield’s Share
  • 0.05% reduction in Beaconsfield’s local taxes on a home with an average value of $571,647
  • 18.52% reduction in incentive-based waste tariff (for the average bin with 240 L volume) for 22 additional pickups
  • 3.73% reduction in the water tax for an average consumption of 304 m3
  • 0.65% total tax reduction for Beaconsfield’s share
 
 
The Montreal Agglomeration’s Share
  • 1.27% tax increase
  • 55.95% increase in the cost of water, resulting in a water tax increase of 63.26%
  • 2.05% total agglomeration tax increase
  • 0.85% overall annual increase
 
The City’s budget was adopted according to the standards established by Ministry of Municipal Affairs and Land Occupancy. The elements of the budget that seem most interesting to us for the activities we manage in Beaconsfield are listed below.
 

REVENUE – BEACONSFIELD ONLY

Increasing Revenue:
  • $1,412 in local taxation
  • $291,000 from reserves to balance the budget, compared to $200,000 in 2016
  • $210,000 from reserves for municipal elections in November 2017
  • $230,000 more for land transfer tax (or welcome tax), being a budgeted total of $1,870,000
  • $88,000 more for the water tax

EXPENSES – BEACONSFIELD ONLY

The budgetary expenditure categories are revised according to anticipated needs and costs. The details of the most significant changes are summarized below:
 
Revised Increasing Expenses:
  • $210,000 for municipal elections, including personnel
  • $180,000 to increase our sustainable development interventions
  • $145,000 in salaries and fringe benefits for all employees
  • $100,000 for storm sewer inspection
  • $94,000 for purchasing water
  • $50,000 for building a sidewalk along Neveu Street in front of the Saint-Rémi school
  • $50,000 more for tree maintenance, particularly cutting down sick ash trees or those with small diameters, bringing the total to $250,000
Revised Decreasing Expenses:
  • $100,000 intended for paying back the principal and interest on debt, including the portion belonging to the government of Quebec and working capital
  • $85,000 for tree maintenance (with the exception of the program to fi ght the emerald ash borer)
  • $50,000 less for repairing ditches, for a total budget of $750,000. The waiting list has decreased signifi cantly thanks to the $800,000 sum invested last
  • year, a sum which had been increased by $200,000 for 2016.

 

THREE YEAR CAPITAL PROGRAM

The 2017 projects for the 2017-2019 PTI show the general intentions of the Council to improve municipal assets, infrastructure and various equipment. The $16,500,000 sum also includes anticipated subsidies of about $6,288,000. The cost of work and pertinent borrowing is therefore reduced by this amount. As these projects advance, we will inform you of the most relevant details, such as the roads on which the infrastructure-related work and repaving will take place.
 

$7,750.000     Infrastructure - water network, sewer, drainage. These projects qualify for subsidies of approximately $6.3M

$2,675,000     Pavement - repaving, sidewalks, viaducts and conversion of street lights to LED. Includes $1.4M taken from the operating budget

$1,175,000      Parks and green spaces - sports fields, parks, playground facilities, lake shore, including $1M from reserves

$4,450,000     Buildings and others - upgrades, renovations, various projects with a sum of $3M to extend and improve the Recreation Centre, including $1,760,000 from reserves and working capital

$450,000        Vehicle replacement. Every year, we replace vehicles when they exceed their useful service life. This sum is taken directly from our working capital and repaid over a five year year period.