City of Montreal ended 2021 with $293-million surplus


The bottom line for last year was contained in Montreal’s annual financial report.

Article content

The city of Montreal announced on Wednesday it had ended 2021 with a surplus of $293.1 million.

Article content

The bottom line for last year was contained in Montreal’s annual financial report and attributed to an additional $146.3 million in revenues over the course of 2021, a drop in operating costs of $94 million and allocations of $52.5 million coming from the accumulated surpluses of city council and the boroughs.

While the city’s total surplus stood at $359.7 million, a deficit run up by the agglomeration reduced that figure by $66.6 million. More than half of the agglomeration deficit — $39.1 million — was due to costs connected with the pandemic.

In 2021 the city spend $1.5 billion on the maintenance of buildings, infrastructure and sports and cultural centers, an increase of 8.1 per cent compared with 2020.

Full details of the city’s financial report for 2021 can be found at montreal. ca.


Leave a Comment