Sask. 2025-26 budget: Municipal revenue sharing to see an increase
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Municipal revenue sharing is set to increase in the 2025-26 Saskatchewan budget, according to Premier Scott Moe, who this week shared some of what people can expect to see when the budget is revealed on Wednesday.
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“Communities throughout Saskatchewan will receive record-setting municipal revenue sharing in the upcoming 2025-26 provincial budget with $361.8 million, an increase of $21.5 million or 6.3 per cent from last year,” Moe said on X (formerly Twitter).
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The province’s municipal revenue sharing program shares revenue with the municipal sector, with that money being linked to Saskatchewan’s economic performance.
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The provincial government said this program offers predictable, no-strings-attached funding based on three-quarters of one point of Provincial Sales Tax (PST) revenue from two years prior.
This means the funding grows alongside the economy and inflation, unlike the property taxes that most cities, towns and rural municipalities rely on as their primary sources of money.
In the 2024-25 budget, the Sask. Party government said over $340 million was distributed to municipalities, a 10.7 per cent increase from the year before, with Saskatoon receiving $62,528,100 for the fiscal year, and Regina receiving $53,195,148.
Moe said this increase will make life more affordable.
An education property tax mill rate reduction was also announced by Moe, saying the reduction will save residents $100 million annually.
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