Taxes, expenses, property values, debt—for most of us, these terms are complex, even incomprehensible.
In this section of our website, you will find clear information that we hope will de-mystify issues relating to the budget and taxes, such as the city’s financial position, your tax bill, the property transfer tax (also known as the “welcome tax”), and the evaluation roll.
Actuarial valuation report on its municipal employee pension plans
On January 19, 2015, the City of Saint-Lambert presented to City Council the actuarial valuation report on its municipal employee pension plans (in French) as at December 31, 2013.
This financial information is required under the provisions of Bill 3, entitled An Act to Foster the Financial Health and Sustainability of Municipal Defined Benefit Pension Plans.
It will be used in the restructuring of the pension plans. The solutions will have to help reduce the current deficit and establish, for the future, a 50/50 sharing of current-service costs by the employer and employees.