Frequently Asked Questions
How much more will I pay in property taxes on my home?
The table below shows that a homeowner with an average assessed value of $350,000 will pay an additional $7.70/month more for the municipal portion of property taxes. It also shows that the mill rate impact is $2.20/month per $100,000 of assessed value. Official tax notices will be mailed to all property owners in May, 2018.
The education portion of property tax is set by the Province of Saskatchewan and collected by the City on its behalf.
How come the mill rate is increasing by 4.86%?
The proposed mill rate increase is broken down in the chart below.
The breakdown of the mill rate increase in the table above shows that the increase is comprised of three components:
Provincial Impact – as a result of provincial decisions in 2017, the City of Regina received considerably less funding than in previous years. This amount (2.99%) represents the Budget increase required by the City of Regina to fully account for the lost provincial revenue (i.e. recognize the annualized impact of the provincial 2017-2018 Budget on the City’s 2018 Budget). Administration recommends a mill rate increase to deal with the issue now, rather than have it affect future budgets and to support City Council’s ability to focus on real change for the community with future budgets.
Council Commitments – this is funding where City Council has made decisions in the past (1.45%) that carry into this Budget and the future. Administration built the 2018 Budget with the assumption that City Council would continue to honour these commitments.
City Requirements – this increase represents the funding required (0.42%), net of the savings found in 2017 and planned for 2018, to support service for the community at the same level as 2017.
Where does most of the City’s revenue come from?
About ½ of the City’s revenue comes from the municipal portion of residential and commercial property taxes as the chart below shows.
What are the City’s major capital projects this year?
In total, the City plans to invest over $132 million in 2018 through annual budget contributions, City reserves, development fees and federal/provincial funding. Major projects include:
- $18 million for the Street Infrastructure Renewal Program
- $9.7 million for the Residential Roads Renewal Program which is funded through a dedicated 1% mill rate
- $4.9 million for Bridge Infrastructure Renewal including realigning Eastgate Drive with a new bridge structure over Pilot Butte Creek
- $12 million for the new Regina Police Service headquarter complex to begin addressing the City’s number one facility need
Overall, the City plans to invest over $583 million in infrastructure renewal, maintenance and new construction over the five-year Capital Plan (2018-2022).
How do I get involved?
The proposed budget and any amendments will be considered at the Tuesday, February 27 City Council meeting. Residents are invited to attend this meeting at 5:30 p.m. in Henry Baker Hall at City Hall. Residents may also appear as special delegations by filing a written brief with the Office of the City Clerk no later than noon on Thursday, February 22. These submissions will be made public on Regina.ca on Friday, February 23. Information on preparing a submission is available on Regina.ca or contact the Office of the City Clerk at 306-777-7262.