Projet Montréal is not worried about its finances

Projet Montréal n’est pas inquiet pour ses finances

A year and a half before the municipal election of November 2021, the party of the mayor Valerie Plant, Project Montréal, is not worried about his finances and is considered to be in a good position for the future.

The party that had ended the year 2018 with 234 000 $ in its coffers, has added 167 000 $ to this sum in 2019, and now has 402 000 $.

A large portion of this amount, approximately 347 000 $, consists of the net assets liquid and therefore could be used to quickly, stressed the director of communications of the party, Julian Acosta, 24 Hours.

In comparison, two years before the election of 2017, some 123 000 $ were available.

The party is not in debt, also provides for Mr. Acosta.

Prosecution

That said, it should be noted that two disputes also weigh in the balance. The party intends to challenge, as set out in the financial report of Project Montréal, completed for the deadline of 1 June.

The most important is related to the proposed park West of the administration Plant. The promoters of the real estate project, Cape Nature Pierrefonds-West have filed a lawsuit $ 178.1 million $ against the City of Montreal and other parties, including projet Montréal.

Another continuation, $ 15,000, was brought by an individual claiming not to have not been paid for services rendered.

More donors

In addition, the number of donors to the party has increased from 1066 2018 1247 2019, for contributions over $ 50. And 236 people who have given less than $ 50, compared to 115 the year before. The new accessions, to around 600, were little changed.

If contributions from individuals have reported a little more than $ 200,000 to the party, the City of Montreal takes a good part of the expenses. Allowances, research costs and other reimbursed expenses are around $1.3 million.

More details to come.

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