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Changes in the debt

The City’s financial health remains a constant concern for city council. However, capital expenditures are vital to preventing obsolescence in municipal infrastructures and ensuring a quality of service that meets residents’ expectations. 

Capital expenditures

From 2006 to 2012, that is, over the last seven years, $90.2M were invested in various infrastructure projects, buildings, equipment, and parks. The 15-year capital expenditure plan provides for new investments in the order of $134.3M from 2013 to 2027.


Since 2006, the City of Saint-Lambert will have received nearly $49.7M in grants for infrastructure projects. These grants reduce the debt charged to residents by an equivalent amount.

Progressive cash payment program 

City council is continuing with the progressive cash payment (PCP) program, which will increase by $250,000 annually, up to an amount of $4M. In 2013, the PCP is $1,250,000.

Each year, the PCP allows us to pay off a portion of our annual capital expenditures in cash. This means that, thanks to the PCP, $46M will not have been added to the debt between 2009 and 2027.

Changes in the debt

By the end of 2013, the municipality’s net debt will be around $58.8M.

The 15-year capital expenditure plan allows us to project the changes that will occur in the debt up to 2027. According to this plan, the debt will stand at $50.2M in around 15 years, for net assets of around $224M.

Changes in debt servicing charges

The City will also take out loans to cover the full amount of the grants, but these loans, both capital and interest, will be reimbursed by the provincial government. In 2013, the net debt servicing charges, representing the amount charged to residents, are $6.055M.

Standardized property value

With an estimated overall net debt of $71.054M in 2013, including the portions of the debt of the Longueuil agglomeration and the Communauté métropolitaine de Montréal (CCM) that are charged to Saint-Lambert, the ratio relative to the municipality’s standardized property value will stand at 2.08%.

This ratio compares favourably to that of other Québec municipalities and is well below the maximum limit of 5% set by the ministère des Affaires municipales, des Régions et de l’Occupation du territoire.