STL 2024 Budget: Positions abolished to manage service delivery

The Société de Transport de Laval (STL) had to cut nearly forty jobs in its 2024 budget to save $5.7 million, an increase of 2 .9% to $192 million, to maintain a fragile financial balance.

This financial framework will allow the public carrier to maintain its service offering and increase its paratransit offering in 2024, while continuing the electrification of its bus fleet.

In addition to the termination, at the end of the year, positions that had little impact on the achievement of STL’s mission, the company had to make additional administrative budget reductions to complete its 2024 fiscal year.

“The budget exercise for 2024 will be very difficult. At the end of the year, we have had to make difficult organizational choices, choices that we have to make in an extraordinary economic context,” STL General Director Josie Roy said in a press release on Thursday.

To achieve a full budget balance, STL is seeking to identify $1.1 million in savings as requested by Quebec, as well as a $7.9 million shortfall that needs to be filled “to reach a full budget budget balance,” according to the press release.

Given a $1.1 billion ten-year Capital Expenditure Program (PDI), STL is committed to maintaining service offerings similar to the current year, but is counting heavily on the financial support of the City of Laval.

“Our priority in the near future is to continue discussions and further budget estimates for the coming years, especially with ARTM, transport companies, the city and the government,” said Ms. Roy added.