Asset and Financial Sustainability
We manage resources and risk effectively, ensuring that services and infrastructure meet the needs of citizens today and tomorrow.
Municipal Property Tax per Capita
Municipal Property Tax as a Percentage of Total Revenues
Annual Municipal Property Tax Increase
Debt Supported by Taxes
Key Civic Infrastructure Status
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.
- 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.
- 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.