City Releases Proposed 2020 Budget Lowest Mill Rate Increase in Decade
Today, the City of Regina released its proposed 2020 Budget – Strategic Investments, Stronger Community -- which includes the lowest mill rate increase in a decade, continued investment in resident priorities like roads, infrastructure and public safety, and a strong commitment to recreation and culture.
The proposed mill rate increase of 2.75 per cent plus a dedicated 0.5 per cent for the Recreation Infrastructure Program would result in an additional $5.60 per month in municipal taxes for a Regina homeowner with an average assessed home value of $350,000. This proposed mill rate includes the 0.45 per cent dedicated mill rate to the ongoing repayment of Mosaic Stadium.
“Our goal is to provide residents value for their tax dollars and to create a budget that balances both affordability and strategic investment,” says City Manager Chris Holden. “This budget provides a unique opportunity for the City to capitalize on an additional $12 million in one-time funding from the federal Gas Tax, plus $3 million in savings incurred through a management review completed in early 2019. This combined funding will be used to address current needs and set the framework for ongoing investments beyond 2020.”
The proposed General Fund 2020 Operating Budget and 2020-2024 Capital Plan includes a dedicated 0.5 per cent mill rate for recreation infrastructure for each of the next five years, which will generate $1.25 million in 2020. The proposed Budget also establishes an ongoing Recreation/Culture Capital Program from which $3 million will be invested in 2020.
The proposed 2020 Utility Fund Budget includes the second consecutive annual increase of 3 per cent to the water utility rate, as approved by Council for 2019, 2020 and 2021. This increase will be effective January 1, 2020. For the average household value, this means a monthly increase of $4.14 in 2020, with a third similar increase in 2021. This three-year rate model supports a financially stable water utility and allows customers to plan for future costs.
The proposed 2020 General Fund and Utility Budgets and any amendments will be considered by City Council on Monday, December 9 and Tuesday, December 10. Regina residents, stakeholder groups and media are invited to attend at 5:30 p.m. in Henry Baker Hall at City Hall.
Residents with budget-related comments can appear as delegations to Council on December 9 by filing a written brief with the Office of the City Clerk no later than 1 p.m., Tuesday, December 3. These submissions will be made public on Regina.ca on Wednesday, December 4. For information on preparing a submission, visit Regina.ca or contact the Office of the City Clerk at 306-777-7262.
Visit Regina.ca/budget to view a detailed summary of the proposed 2020 Budget.