City releases Preliminary 2024/2025 Capital Budget Project Details, Introduction & Climate Budget
As part of the City’s Multi -Year Business Plan and Budget Process, the City produces three key documents to inform City Council and the public prior to its November budget deliberations.
Having released the first document, the Preliminary 2024/2025 Detailed Operating and Capital Summary Budget on November 9, 2023, the City’s last set of preliminary budget documents have been made available today, November 20, 2023 as follows:
#2. Preliminary 2024/2025 Capital Budget Project Details
#3. 2024/2025 Preliminary Budget Introduction and 2024/2025 Climate Budget
The Preliminary 2024 Operating Budget proposes total operating expenditures (excluding Saskatoon Public Library and Utilities) of $628.5 million, an increase of $35.9 million, or 6.06%, over the 2023 Operating Budget.
The Preliminary 2025 Operating Budget proposes total operating expenditures (excluding Saskatoon Public Library and Utilities) of $657.0 million, an increase of $28.4 million, or 4.53%, over the 2024 Operating Budget.
The Preliminary 2024/2025 Capital Budget provides a total capital investment of $785.1 million: $381.5 million in 2024, and $403.6 million in 2025.
Still to be considered by City Council is the final full review of the City’s 87 distinct Service Lines and 58 additional Administrative Options. There will undoubtedly be a number of further changes made to finalize the 2024/2025 Business Plan and Budget.
City Council will seek to find the proper balance between delivering core service levels residents and businesses expect for taxpayer dollars, maintaining affordability and ensuring long-term financial sustainability when making its final investment decisions at the 2024/2025 Budget Deliberations set for November 28-30, 2023.
Members of the public who wish to participate in the 2024/2025 final budget review by either submitting a letter and/or requesting to speak to City Council must arrange to do so before the cut-off, Monday, November 27, 2023, at 5 p.m.
Visit saskatoon.ca/budget