MESSAGE FROM THE
PRESIDENT AND CHIEF EXECUTIVE OFFICER
Dear members,
The real estate industry operates in a perpetually changing world,
and its adjustment to trends and today’s new issues remains
at the core of the Urban Development Institute’s concerns.
Here is a summary of the issues pending at UDI:
Municipal Taxation Committee: Study
of diversification of revenue sources of Québec cities
At the end of September, the Municipal Taxation Committee will
meet with Mayor Tremblay, Claude Dauphin, Chairman of the Executive
Committee, and Sammy Forcillo, Executive Committee member responsible
for finance.
We will present this study produced on behalf of UDI Québec.
The mission of the Urban Development Institute of Québec
(UDI Québec) is to promote the economic development of
the Québec real estate sector. Beyond defending the interests
of the members of the commercial real estate industry, the economic
prosperity of Québec’s cities is at the core of our
concerns.
This study’s mandate is to examine the cities’ role
and responsibilities in a context of economic globalization and
produce a fiscal profile of municipalities in Québec. We
will study the evolution of the recent measures to improve the
financing of Québec and Canadian cities. We will also present
different approaches to multiply municipal revenues by comparing
the situation of American and European cities. Finally, we will
discuss different types of pricing of services used around the
world and new ways to carry out infrastructure projects through
public-private partnerships.
In light of this information, we will make recommendations that
will provide a range of means to allow Québec cities to
diversify their revenues. We thus want to achieve three goals:
- Québec cities can thus have the necessary means to
deal with the many challenges they must face regarding the renewal
and improvement of their infrastructures;
- They will be less dependent on property taxes, which have
limited growth potential and which can hinder economic development;
- Québec cities will have the advantages to play a leadership
role in the attraction and emergence of new talent and new businesses
in the new knowledge economy.
To boost their revenues, cities must not continue to rely on increase
the property tax on the non-residential sector.
The members of UDI Québec will have access to this very
detailed study (46 pages) at www.iduquebec.com
in the Members’ Only section effective this September 24.
Raymond C. Bouchard
President and Chief Executive Officer, Urban Development Institute
514 866-3625, extension 24
rcbouchard@iduquebec.com
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