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Regina city council approves 2022 budget featuring 3.4% mill rate increase
Global News
Regina city council approved the city's 2022 budget on Friday afternoon after three days of deliberations and debates at city hall.
How much will taxes be next year for citizens of Regina?
Those questions are now answered after Regina city council gave the stamp of approval for the city’s 2022 budget late Friday afternoon.
Council voted 8-3 to approve the budget. Landon Mohl (Ward 10), Lori Bresciani (Ward 4) and Terina Shaw (Ward 7) were the councillors who voted against the budget as presented for approval.
There are some changes compared to city administration’s proposed budget from late November, including a reduction in the mill rate increase.
City administration had recommended a 3.49 per cent property tax hike prior to budget deliberations. However, council was able to reduce it to 3.40 on Friday.
The reduction was a result of $243,000 in leftover funds from the Regina Police Service’s capital budget, which was approved on Wednesday by city council. Police chief Evan Bray said Wednesday that this was possible thanks to funding secured for their aerial support unit and the purchase of an airplane for the aerial team.
“They ended up getting funding to close off the balance of the plane, so with the funding from SGI and the government, it was reduced by almost a quarter of a million dollars regarding the capital contribution carry-forward. So we were able to apply it to the mill rate,” explained Mayor Sandra Masters in Friday’s post-budget media availability.
The approved mill rate means the average homeowner with an assessed home value of $315,000 will pay about $6.15 more per month or just under $75 more per year.