Thursday, March 5, 2009

City To Slash Spending

While responding to a reporter's question, Montreal mayor Gérald Tremblay consults other panel members (L-R): city executive committee vice-chairman Sammy Forcillio, chairman Claude Dauphin and city manager Claude Leger, after the mayor announced the city's financial plan, Wednesday at Montreal city hall. Photograph by: Phil Carpenter, The Gazette

From The Montreal Gazette:

Mayor Gérald Tremblay brandished a knife yesterday to deal with what he anticipates will be a $155-million budget shortfall this year, but the opposition at city hall said it doesn’t believe him when he says the cuts won’t hurt a bit.

Citing the deepening global financial crisis, Tremblay announced cuts to borough and public-transit budgets and to the city payroll to head off a deficit.

The measures will shake loose $95 million from the city bureaucracy, $40 million from the Société de transport de Montréal and $20 million from the city’s 19 boroughs.

Read more ....

My Comment: I live in the borough of LaSalle. My property tax has increased by about 60% in the past five years. I have no reason to believe they will be successful in rationalizing their budgets.

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