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We manage resources and risk effectively, ensuring that services and infrastructure meet the needs of citizens today and tomorrow.

Municipal Property Tax per Capita

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Municipal Property Tax as a Percentage of Total Revenues

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Annual Municipal Property Tax Increase

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Debt Supported by Taxes

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Key Civic Infrastructure Status

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Challenges and Key Strategies

Strategies for Success
  • Continuing to implement continuous improvement and identify alternative revenue sources to address the City's growth-related costs.
  • Completing a “Financing Growth” study to identify funding options for the City’s growth-related costs.
  • Engaging citizens in Shaping Saskatoon’s Financial Future through a new budget process that will get input on the City’s spending priorities.
  • Implementing Building Better Roads, a four-year strategy (2014-2017) to dramatically improve the condition, safety and longevity of Saskatoon's road network.
  • Utilizing Public Private Partnerships to provide new infrastructure if there are long-term net benefits for citizens.
  • Developing a Corporate Asset Management Plan to achieve desired service levels for key civic infrastructure.

Achievements
  • Saskatoon maintained an AAA/stable credit rating as a result of its strong financial position.
  • Saskatoon’s per capita total property tax and business tax levy was the second lowest among 15 cities in the 2013 Residential Property Taxes and Utility Services Survey.
  • Long-Term Tax-Supported Debt per Capita continues to be well below the maximum threshold and is less than per capita debt in most other major Western Canadian cities. 
  • Capital investments to improve Saskatoon’s roads increased by 86.2% ($11.7M) in 2014
  • The total investment in the Major Bridge Repair Reserve increased by 11.6% ($350K) to $3.37M in 2014. 

Challenges
  • Saskatoon’s approved property taxes for 2015 increased by 5.33% including 2.14% for dedicated roadways and sound attenuation tax levies and a 3.19% general municipal property tax increase.  The Municipal Price Index (MPI) was 3.23%. 
  • The 2014 growth in non-tax revenues did not keep up with the expenditure growth.
  • Continued efforts are needed to close the funding gap for the Major Bridge Repair Reserve to meet the Service Level target.
  • Additional investment is needed to bring sewer and water infrastructure to a B Service Level.