Highlights – 2024 Financial Report

Dear citizens,  

The City of Pointe-Claire tabled its financial report for the year 2024 during the municipal council meeting held on May 6, 2025.  The fiscal year ended with a surplus of $27.6 million, resulting from additional revenues of $18.9 million and a favourable variance of $8.7 million in expenditures. 

Sources of the Surplus 

The additional revenues came primarily from: 

• Property taxes ($8.5 million), predominantly from non-residential buildings that were assessed at values higher than originally estimated.
• Property transfer duties ($6.3 million), which produced a significant favourable variance.
• Interest income and various other revenues, which make up the remainder of the additional revenues. 

On the expenditure side, the City successfully maintained the quality of municipal services while ensuring efficient and responsible resource management, resulting in savings of $8.7 million compared to the projected budget. 

Use of the Surplus 

The majority of the surplus will be allocated to: 

• Refinancing and repayment of long-term debt
• Upgrading municipal buildings
• Carrying out infrastructure projects 

It will also support the goals outlined in the City’s strategic plan, including continued efforts in the ecological transition.  This involves concrete actions to strengthen the resilience of our territory, such as combating the emerald ash borer and preserving our urban tree canopy. 

Infrastructure Investments 

Throughout 2024, the City continued its sustained efforts to maintain and modernize its infrastructure, ensuring quality streets, sidewalks, and public services for the next 50 years.  Key improvements this year include: 

Roadwork: 

• Reconstruction of Monterrey, Millhaven, Sundale, and Winthrop Avenues, as well as the Sources Interchange (Highway 20)
• Paving of streets and rehabilitation of numerous sidewalks 

Enhancements: 

• Greening projects and development of trails
• Improvements in several municipal parks
• Ongoing modernization of street lighting with LED systems
• Renovation and improvement of various municipal buildings 

Public Works: 

• Ongoing renovation and redevelopment of the Public Works building, along with the construction of a new facility
• Planned replacement of outdated vehicles, machinery, and equipment, with a focus on more modern and environmentally responsible alternatives 

Conclusion 

The City of Pointe-Claire’s 2024 financial results reflect a strong and stable financial position. Thanks to rigorous and responsible management, we are well-equipped to meet today’s challenges while confidently planning for the future. 

This budget surplus allows us not only to reduce our debt but also to reinvest in our infrastructure, services, and environment, for the direct benefit of our community. 

The City remains committed to the responsible use of public funds, maintaining high-quality services, sustainable infrastructure, and a living environment that meets the expectations of all residents. 

Compliance and Transparency 

Our 2024 financial statements were audited by independent external auditors (BCGO). Their unqualified opinion confirms that the statements present a true and fair view of the City’s financial position.