2022/2023 Multi-Year Budget
2022/2023 Multi-Year Business Plan and Budget Timeline of Events/Minutes Summary
- June 21, 2021: At the Governance and Priorities Committee Meeting (GPC), costs were determined to maintain current service delivery and service levels at status quo for the next two years; the original indicative property tax estimate presented required a property tax increase of 5.96% and 5.42% in 2022 and 2023 respectively.
- August 31, 2021: Standing Policy Committee on Finance Special Finance Meeting The Administration was directed to bring back options to reduce the initial proposed proposed property tax estimate ( indicative rate) and to include information on the longer-term structural budget challenges facing the City, its stagnant revenue growth and increased reliance on property taxes.
- October 15, 2021: Standing Policy Committee on Finance Special Budget Meeting. The Administration provided various options and plans to support the City's new 2022-2025 Strategic Plan's goals. These options will be presented at the 2022/2023 Business Plan and Budget Review meeting on November 29, 2021.
- October 18, 2021: The Governance and Priorities Committee Meeting members were presented with a list of prioritized Business Plan Options.
- November 24, 2021, after 4:00 p.m: The 2022/2023 Multi-Year Business Plan & Budget documents released.
- November 24, 2021 News Release: City releases preliminary 2022/2023 Multi-Year Business Plan and Budget
- November 29, 2021: COMPLETE AGENDA CITY COUNCIL November 29, 2021: 2022/23 Preliminary Corporate Business Plan And Budget
- November 29, 30 & December 1, 2021: City Council will finalize its investment decisions at the 2022/2023 Multi-Year Business Plan and Budget Review (deliberations).
- December 1, 2021: City Council approved the 2022/2023 Multi-Year Business Plan and Budget News Release
Learn more about the demographic, development, economic, environmental, and social issues and trends in Saskatoon in the 2021 Strategic Trends report.
The 2022/2023 Multi-Year Business Plan and Budget (MYBB) remains inspired by the core idea of investing in civic services and service levels, programs and projects valued by the citizens we serve. Now, more than ever, the City must go beyond conventional approaches to plan for the 2022/2023 Budget and meet the financial challenges as a result of COVID-19.
- We remain committed to planning ahead and providing residents with greater certainty about the future direction of property tax.
- We keep Saskatoon residents at the forefront of our budget planning through investment decisions in the priorities, services and programs that matter most.
- We are focused on our long-term goal to manage the City in a smart, sustainable way through continuous improvement, pursuing innovation, finding efficiencies year over year, and a dedication to maximizing service value for tax dollars.
- We are dedicated to pursuing alternate revenue streams to reduce the reliance on property tax.
- We manage both risk and debt appropriately.
2022/2023 Preliminary Multi-Year Business Plan and Budget All Documents
City City Council 2022/2023 Budget Review November 29, 2021: Information and Approval Reports
2022/2023 Multi-Year Budget Planning Process
The City of Saskatoon is preparing its second multi-year budget, and now, during a global pandemic. Despite the uncertainty as to when restrictions are lifted and people respond to a post-pandemic environment, the City Administration will follow the same key steps as for the previous two-year MYBB process as follows:
1. The Administration will develop the cost to maintain existing services such as expenditure growth, inflation, and revenue estimates. This step is also used for administrative priorities such as correction of base budgets and phase-in of funding plans.
2. The Administration will provide a summary of the information from Step 1 to the Governance and Priorities Committee so that an indicative rate (property tax target) can be set by City Council.
3. The Administration will use cross-divisional teams to discuss City Council’s strategic priorities and develop options to achieve these priorities.
4. The Administration will present a list of Business Plan Options to City Council for prioritization.
Setting the indicative municipal property tax rate for the next two years is an important first building block in the development of the City’s multi-year business plan and budget. The indicative rate guides the Administration in preparing the budget by allocating resources to the services, programs and initiatives that help achieve Council’s strategic priorities.
It is important to remember that setting the indicative rate is only the first budget building step - this step is not to finalize the property tax rates.
Administrative Report to GPC, June 21, 2021: Setting the 2022 and 2023 Indicative Budget
Interested in viewing how the municipal (City) portion of your 2021 property tax was invested in civic services? Slowly enter your street name (it will auto-fill for you after the first few letters), and then enter your building number next in the Property Assessment & Tax Tool. Select the Tax Information Tab to view how your property tax is allocated to civic services.