Released on March 18, 2015
The 2015-16 Provincial Budget is helping to keep Saskatchewan municipalities strong by providing a record $265.3 million in municipal revenue sharing.That’s up $8.3 million or 3.2 per cent from the 2014-15 Budget and up $138 million or 108 per cent from the 2007-08 Budget.
“Municipal revenue sharing is a program that is fundamental to the budgets of our municipal partners,” Government Relations Minister Jim Reiter said. “I am pleased that during a more difficult budget year we have been able to maintain our revenue sharing commitment to municipalities and, in fact, deliver the largest grant ever to them. This is at a time when our provincial own-source revenues have been increasing at a much slower rate.”
Municipal revenue sharing is based on the formula of one point of the Provincial Sales Tax (PST).
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Urban revenue sharing for all cities, towns, villages and resort villages will total $170.5 million in 2015-16. Revenue sharing for rural municipalities, which includes organized hamlets, will amount to $75 million, and northern municipalities will receive $19.8 million in revenue sharing in the coming fiscal year.
As a result, Saskatoon will receive just over $47 million and Regina will receive just over $41 million in municipal revenue sharing.
View the revenue sharing totals for individual municipalities at http://www.saskatchewan.ca/government/municipal-administration/funding-finances-and-asset-management/funding/view-municipal-revenue-sharing-figures using our interactive tool.
Overall direct provincial support in the Budget to municipalities totals $346.2 million. This includes $31.7 million in provincial support to municipal infrastructure through a number of programs including:- $23.7 million from the Ministry of Highways and Infrastructure for rural roads through the municipal roads strategy ($16 million) and the urban connector program ($7.7 million); and
- $7.9 million from the Ministry of Government Relations for support provided under the New Building Canada Fund and the Saskatchewan Infrastructure Growth Initiative.
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For more information, contact:
Michael Harrison
Government Relations
Regina
Phone: 306-787-6156
Email: michael.harrison@gov.sk.ca