SUSTAINING THE SASKATOON ADVANTAGE: COUNCIL FINALIZES 2015 BUDGET AT 5.34%

Following three days of budget talks, City Council approved a 5.34% property tax increase which translates to an $83.31 per year increase for an average house Assessment Value of $325,000.  That works out to $6.94 per month.

“This investment will ensure that the City’s public infrastructure and its delivery of core services meet the needs of Saskatoon’s residents in a fiscally responsible way,” says Kerry Tarasoff, Chief Financial Officer and General Manager, Asset & Financial Management.

After a tabling a preliminary budget that proposed a 7.32% property tax increase, the Administration advanced other possible adjustments to the 2015 Business Plan and Budget. This led to further discussion and Council made reductions arriving at the current property tax increase of 5.34%.

Saskatoon has been recognised as a national leader with business-friendly tax rates: the CD Howe Institute (News Release AF14-109) and the Canadian Federation of Independent Business (News Release ) recently recognised the City’s tax policies.  Additionally, Saskatoon continues to have one of the lowest property tax rates in Canada (News Release CP14-163).

“Like more recent business plan and budgets, our new budget concentrates funding on public safety, roads and civic infrastructure,” Tarasoff says.  “If these factors were not properly addressed in Budget 2015, Saskatoon’s quality of life and economic health would be compromised, and the Saskatoon Advantage would be lost.”

Highlights of the Finalized 2015 Budget Include:

Transportation

·$8 million for the rehabilitation of the University Bridge

·$70 million for interchanges at Highway #16 and Boychuk Drive and, Highway #5 and McOrmond Drive

·A continued and increased investment totalling $53 million  in the Building Better Roads program through the dedicated road levy

·Work will begin on the new North Commuter Parkway and replacement of the Traffic Bridge to help ease congestion and improve productivity

Utilities

·A number of utility projects totalling almost $60 million for improvements to City infrastructure.

Policing

·The Saskatoon Police Service received an operating budget of $80 million:  this includes funding for four new constables.  The provincial government will fund an additional five for a total of nine new police officers.

Fire

·A $45 million operating budget for the Fire Department budget was passed in its entirety.

Recreation and Culture

·$1 million contribution to phase-two of the Saskatoon Minor Football Field upgrade at Gordie Howe Park.

·$6 million to help the Remai Modern Art Gallery of Saskatchewan ready its building for opening.

Corporate Governance and Finance

·The City will implement Service Saskatoon to provide more coordinated and better customer service to citizens and visitors.

Urban planning & development

·Recommendations from the four key subject areas included in the Growing Forward! Shaping Saskatoon study will be unveiled to improve the way the City plans for growth.

·The City and its regional partners will continue to work on a regional growth plan to ensure that the Saskatoon region can grow in a sustainable way.

Corporate Asset Management

·Construction of a new Civic Operations Centre will begin to help improve the efficiency of City operations.

Environmental Health

·A green loan of $600 thousand for an energy monitoring program for civic buildings to identify cost efficiencies.

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