Asset and Financial Sustainability
We manage resources and risk effectively, ensuring that services and infrastructure meet the needs of citizens today and tomorrow.
Municipal Property Tax per Capita
Municipal Property Tax as a Percentage of Total Revenues
Annual Municipal Property Tax Increase
Debt Supported by Taxes
Key Civic Infrastructure Status
Challenges and Key Strategies
Strategies for Success
- Investigate revenue sources to help alleviate pressure on property tax levy.
- Continue to develop a policy and standardized process for defining, establishing, and obtaining approval of asset and maintenance/operational service levels and associated costs for key assets outlined in the Corporate Asset Management Plan.
- Develop core capital renewal principles and funding strategies for facility site capital renewal, park amenities, and play structures within a long-term asset management and preservation program.
- Saskatoon maintained AAA/stable credit rating as a result of its strong financial position.
- A surplus payment from the Workers Compensation Board and lower than expected oil and fuel prices (reducing expenditures on snow and ice management) helped contribute to a $654K budget surplus.
- Upgraded the Transit fleet with the purchase of 5 new buses. The new buses are more fuel efficient and will require less maintenance than refurbished models, likely saving the City $260,000 a year in operating costs.
- Saskatoon’s approved property taxes for 2015 increased by 5.33% including 2.14% for dedicated roadways and sound attenuation tax levies and a 3.19% general municipal property tax increase. The Municipal Price Index (MPI) was 3.23%.
- The 2014 growth in non-tax revenues did not keep up with the expenditure growth.
- Continued efforts are needed to close the funding gap for the Major Bridge Repair Reserve to meet the Service Level target.
- Additional investment is needed to bring sewer and water infrastructure to a B Service Level.