Saskatoon city council settles on 6.04% property tax increase in 2024 after 4 days of budget deliberations

Saskatoon city council spent four days debating how to reduce the projected budget deficit and resulting property tax increase, landing on a budget that will increase property taxes in 2024 by 6.04 per cent, which the city says will amount to about $10.47 per month for the average homeowner. Councillors convened Friday for the fourth day of multi-year budget debates, starting the day with projected deficits of $17.4 million for 2024 and $16.9 million for 2025, which would translate to a 5.94 per cent property tax increase in 2024 and 5.42 per cent in 2025. By the end of the day, the 2024 tax increase had increased slightly to 6.04 per cent, with the 2025 hike projected to be 5.64 per cent.

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