City Council approves proposed 2012 budgets
On Monday, December 12, City Council approved the City of Regina’s proposed 2012 capital and operating budgets and the Water & Sewer Utility budget.
The proposed mill rate increase of 3.9 per cent was approved for 2012. For the average taxpayer, a 3.9 per cent increase means an additional $4.36 in municipal taxes each month, or $52 a year. With this increase, the City of Regina’s combined operating and capital budget will be $378 million.
City Council amended the proposed budgets to include:
- $65.7 million for Regina Police Services, an increase of $1.1 million over the proposed budget.
- $175,000 for the Juno 2012 Host Committee.
- $150,000 to fund the City’s share of the Wascana Centre Authority Comprehensive Review, an increase of $60,000 over the proposed budget.
These additions will be funded through annual revenue or the General Fund Reserve as required.
The proposed 2012 Water & Sewer Utility budget was also approved, although the utility is not funded through the mill rate. The budget provides for $65.8 million in infrastructure upgrades for the city’s water, sewer and drainage systems and $60.6 M for operations.
The 2011 Water & Sewer Utility budget, which was approved last December, included an annual rate increase of nine per cent for 2011, 2012 and 2013.
Residents are encouraged to visit Regina.ca for more information and to view the complete budget documents.