City hall proposes 2023 property tax increase of 4.38 per cent, or about an extra $7.25 a month for an average homeowner. yxecc
The revenue and spending projections underpinning the 2023 budget were first set in 2021, as part of the two-year municipal budget cycle. Saskatoon StarPhoenix Afternoon HeadlinesThere was an error, please provide a valid email address.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails. Postmedia Network Inc.
Revenues from leisure centres, parking fees and parking tickets continued to recover more slowly than expected from COVID-19 downturns, leaving the city short by another $1.3 million, and lower property tax assessment growth added another $1.9 million to the shortfall. Hack explained that the budget recommendations from city planners would maintain city services at current levels.
Hack noted that while city staff are asking for a higher-than-budgeted tax hike for 2023 and aren’t recommending any sweeping cuts or service reductions, they’ll still be working to find savings next year.Article content He sounded a note of caution about the future, though, noting one-time funding of more than $10 million to offset pandemic impacts in 2022 and 2023 won’t be available in 2024.
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