As part of its tour of municipal budgets throughout the Pontiac, CHIP 101.9 spoke with L’Isle-aux-Allumettes Mayor Corey Spence about this year’s plans on the island.
Revenues
Spence explained that they increased their mill rate slightly, from 56 cents per $100 assessment in 2023 to 58 cents this year, which he said was to keep up with inflation without having to cut back on services. The municipality also received $780,319 in transfers from various levels of government, with the majority ($599,719) earmarked for road maintenance.
Expenses
With total revenues of $4,069,316 and expenses of $3,448,036, the municipality is anticipating a surplus before reconciliation of $621,280. However, Spence explained that while some of the money will be kept in reserve, they will be using a portion to pay down long-term debt as well as investing activities. In addition to continued work on their road network, Spence said they would be making some investments in Chapeau’s Centennial Park.
The 2024 budget for L’Isle-aux-Allumettes is available here: 2024 BUDGET FINAL
