Finance Committee to hold special meeting to review 2022 & 2023 Indicative Budget
Members of City Council’s Standing Policy Committee on Finance will review options for setting the indicative rate for the 2022 and 2023 budget at a special meeting on August 31 at 1 p.m.
At the June 21, 2021, Governance and Priorities Committee (GPC) meeting, members asked for a deferral to set the indicative rates for 2022 and 2023 to a later date, in order to further explore options to address the property tax pressure residents and businesses face in this unprecedented year, and to recognize the funds required to maintain quality services and address strategic priorities of City Council.
Setting the indicative rate is not to finalize the property tax rates. It is the starting point in the budget building process and for 2022 and 2023, whereby the estimated rates presented are for a status quo budget. The estimated property tax rates presented at the June 21 GPC meeting of 5.96% in 2022 and 5.42% in 2023 are the rates required to keep all City services and service levels the same as what residents have been receiving.
Input from residents and the business community is being welcomed as part of this review of the proposed indicative rates. Those wishing to participate or share their input on the 2022 and 2023 indicative rate may submit their intent in the following ways:
- Online through the Submit a Letter/Request to Speak to Council and Committees form
- By post or in person to: Office of the City Clerk, 222 - 3rd Avenue North, Saskatoon, SK S7K 0J5
- By fax to 306-975-2784
Interested residents and businesses are encouraged to contact the City Clerk's Office at 306-975-3240 to clarify the requirements for sharing input at this Special Meeting.
The indicative rate guides the Administration in preparing the multi-year budget to allocate resources to the services, programs and initiatives within Council’s priority areas outlined in its 2022-2025 Strategic Plan, which will be released in early fall.
Visit saskatoon.ca/budget for more information on the City’s 2022/2023 Multi-Year Business Plan and Budget process.