The provincial budget in Saskatchewan will be delivered on Wednesday, March 19.
But on Tuesday, during the Saskatchewan Association of Rural Municipalities, the provincial government announced one aspect of the budget, with the details of the Municipal Revenue Sharing (MRS).
Communities in the province will receive a record MRS, with $361.8 million, an increase of $21.5 million or 6.3 per cent from last year.
MRS provides funding to Saskatchewan cities, towns, villages and rural municipalities based on three-quarters of one point of provincial sales tax revenue from two years prior.
The predictive nature of the funding allows communities to make budget plans based on their annual allocations.
Property Class
2024 Mill Rates 2025 Mill Rates
Agricultural
1.42 1.07
Residential
4.54 4.27
Commercial/Industrial
6.86 6.37
Resource
9.88 7.49
"In this revaluation year, all property tax classes will see reductions in Education Property Tax mill rates, which will result in property tax savings of more than $100 million annually," Government Relations Minister Eric Schmalz said in a release. "In this era of uncertainty, the Government of Saskatchewan is committed to examining the tax tools available to us, to provide relief to Saskatchewan property owners facing rising costs.”
MRS amounts for each community will become available when the budget is delivered.