City Council’s Governance & Priorities Committee (GPC) will continue working to reduce the projected funding gap within the 2024/2025 Multi-Year Business Plan and Budget at its next Special Budget Meeting set for Thursday, August 31, 2023, at 9:30 a.m.
Via GPC’s previous Special Budget Meetings on June 14, July 25 and August 15 - meaningful progress has been made to reduce the City’s projected funding gap by a total of $25.8 million in 2024 and $2.3 million in 2025. If left unmitigated, which is highly unlikely, the gaps currently equate to property tax increases of 8.54% in 2024 and 6.04% in 2025.
“City Council and Administration will continue to probe all business lines and review everything on the table in a public and transparent way to further address the funding pressures the City is facing over the next two years,” says Kari Smith, Director of Finance. “Of course, City Council’s 2024/2025 finalized budget decisions will not be approved until its deliberations this November.”
Administration’s business line reports relating to Environmental Health, Taxation and General Revenue, Land Development, Arts, Culture and Events Venues, Recreation and Culture, and Urban Planning and Development -- previously deferred due to time constraints -- are set for discussion on August 31, along with Corporate Governance and Finance, Corporate Asset Management, and Utilities.
Council also awaits draft budget submissions from the Saskatoon Board of Police Commissioners and the Saskatoon Library Board so those may be incorporated into future budget discussions.
Should any member of the public wish to submit a letter or request to appear in person at the August 31 Special Budget Meeting, the deadline to arrange for this is Monday, August 28, at 5:00 p.m.
For more information on the 2024/2025 Multi-Year Budget & Business Plan, including answers to frequently asked questions and factual reference charts and graphs, check the 2024/2025 Multi-Year Budget Information Guide or visit Saskatoon.ca/budget.