City of Saskatoon 2025 Budget: Addressing community priorities by investing more in Core Services
City Council today unanimously approved the City of Saskatoon’s 2025 Adjusted Business Plan and Budget. After a day and a half of deliberations, the new City Council made key adjustments to the City’s fiscal plan, increasing investments in priority areas like community safety and snow and ice management, while doing so in an affordable way. To that end, City Council voted to increase the funding for the City’s snow and ice management program by an additional $500,000 bringing the total increase for this program to $1.6 million. City Council also voted to increase investment in policing by $8.5 million and added additional bylaw inspectors to address safety concerns.
The 2025 budget deliberations got off to a good start as the Administration revised its fiscal forecast by adding $2 million in investment income. “This is a welcome development,” says Chief Financial Officer, Clae Hack. “Investment revenue continues to outperform our expectations as bond yields have remained higher than forecasted and we continue to have higher bank interest than originally planned, despite several Bank of Canada interest rate reductions.”
City Council made additional adjustments during the deliberation process and, together, these measures trimmed the 2025 property tax increase by almost one full percentage point, as City Council landed on a 4.96 per cent property tax increase to help pay for crucial investments.
“I applaud the work of our new Council for working together to reduce the budget, while also investing in strong core services,” said Mayor Cynthia Block. “New support for homelessness, community safety and the snow and ice budget will help to meet the demands of our growing city.”
Despite the proposed property tax increase, the City of Saskatoon has among the lowest municipal property tax levels for both residential and non-residential properties in Canada.
The City’s 2025 budget address key priorities in a time of unprecedented growth. Estimates indicate that Saskatoon added more than 26,000 residents in just two years, and its population is estimated to be at or near 308,000 in 2024. This rapid growth, coupled with a strong labor market and one of Canada’s lowest unemployment rates, has driven unprecedented demand for City services.
At the same time, rising costs for service contracts, construction, materials, and supplies have placed significant pressure on service delivery. The 2025 budget tackled those challenges by responsibly investing in the core services that ensure the safety, mobility, and quality of life for all Saskatoon residents.
The City’s 2024-2025 Business Plan and Budget invests in the areas that matter most to the people of Saskatoon – transportation, public safety, and community support. In particular, the 2025 budget builds on the fiscal plan set out by City Council almost two years ago. It delivers record funding into essential projects, services, and programs that reflect the City’s ongoing efforts to balance fiscal sustainability with community priorities.
The City thanks all residents, organizations and business owners in Saskatoon who wrote in or spoke to City Council regarding the 2025 budget. We value all input received from the community at large.
The finalized 2024/2025 Multi-Year Business Plan and Budget document will be made available on saskatoon.ca/budget once ready.