REGINA — Municipal Revenue Sharing will increase 6.3 per cent in the upcoming provincial budget according to a Saskatchewan government press release.
Payouts for the 2025-26 period are projected to be $361.8 million, an increase of $21.5 million from last year.
MRS provides funding to Saskatchewan cities, towns, villages and rural municipalities based on three-quarters of one point of provincial sales tax revenue from two years prior.
The government is also planning to reduce Education Property Tax mill rates in the 2025-26 Budget.
|
Property Class |
2024 Mill Rates |
2025 Mill Rates |
|
Agricultural |
1.42 |
1.07 |
|
Residential |
4.54 |
4.27 |
|
Commercial/Industrial |
6.86 |
6.37 |
|
Resource |
9.88 |
7.49 |
MRS amounts by community, including historical allocations, will be available on on budget day, March 19.
