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Montreal to invest in infrastructure
Written by Diana Thebaud Nicholson // November 28, 2007 // Infrastructure, Public Policy // Comments Off on Montreal to invest in infrastructure
$4B Montreal budget targets roads, water pipes
November 28, 2007
(CBC News ) Montreal promises not to raise property taxes but some may end up paying out more next year under the city’s new $3.97 billion budget, released Wednesday.
Property tax rates won’t go up but property values in some areas will rise under the city’s valuation rolls, which may result in bigger tax bills for some residents.
Montreal will spend more money on public transit, water facilities and roads, including major renovations on Notre-Dame Street and the Bonaventure Expressway, two projects previously announced this year.
Mayor Gérald Tremblay called the 2008 budget a “rebirth” for the city. “I think that with all the major investments we will put forward, not only with the infrastructures, but the quality of life for families, security and culture, and the sound financial management we put in place — I’m very proud of this budget.”