Published Monday, October 16, 2017 7:03PM CST
Last Updated Monday, October 16, 2017 7:21PM CST
A proposed 4.96 per cent property tax increase next year could be cut by close to half a per cent, depending on Saskatoon city council’s budget deliberations in late November.
The city released a full preliminary budget Monday, calling for a 4.96 per cent tax hike, but noted the increase could drop to 4.59 per cent if councillors approve $825,000 in savings to mitigate the hike. Savings could be taken from the discontinuation of a printed “Annual Report to Citizens,” from better interest on city bank deposits, from funding a staff position through the planning levy and from other small spending adjustments, city administration said.
The 4.96 per cent number was the same figure given by city administrators in a budget update last month. The increase, which works out to $10.9 million, would be put toward the dedicated snow and ice levy, the police budget, civic services and to mitigate a $6.1 million drop in grants from the province, according to the city.
The proposed number — 4.96 per cent — works out to $86.37 more per month for homeowners with properties valued at the average $371,000.
The total preliminary budget now lands at $491 million, or $13.3 million more than the 2017 budget.
Councillors must finalize the budget. Deliberations are set for Nov. 27 to 29.
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