Saint-Lambert will provide financial assistance of $ 64,180 to the Economic Development Corporation (CDE) to promote the economic revival of downtown businesses.
At its August 24 meeting, the municipal council authorized the expenditure, payable from the amount of $ 125,000 initially provided as a subsidy to the CDE for the 2020 edition of the Saint-Lambert en fête event, which had to be canceled.
In return, the CDE will have to submit to the council an implementation schedule for its local purchase campaign as well as the details of the different components of the economic recovery program, and will be accountable for the use of the amount paid by the City. .
Nearly $ 100,000 in “COVID charges”
The pandemic is also having an impact on the city’s finances, as demonstrated by the quarterly financial report presented at the council meeting.
As of June 30, Saint-Lambert’s expenses directly related to COVID-19 amounted to nearly $ 64,000. “And as we speak [24 août], we are close to $ 100,000, ”added General Manager Georges Pichet.
This amount may also increase substantially because of the significant financial losses recorded by the Longueuil transport network, which Saint-Lambert will probably have to partially cover.
“The finance committee did an excellent job in the face of the economic slowdown,” said Mayor Pierre Brodeur. We have taken measures such as cutting supernumerary staff and we have asked all services to be vigilant. ”
“We have also decided to increase the transfer tax to 3% for the 2020 budget. And fortunately, the real estate sector is going very well,” he added. (GM)