Regina budget proposes 4.45% property tax hike
Published Friday, January 11, 2013 11:04AM CST
Last Updated Friday, January 11, 2013 6:39PM CST
Regina residents could see their property taxes rise more than four per cent this year.
The City of Regina is proposing a 4.45 per cent property tax hike in its preliminary budget for 2013. The increase would boost revenues by an estimated $2.4 million.
Operating expenditures would rise 8.6 per cent to $339.5 million. That includes an additional $4.1 million in spending on wages and benefits. Meanwhile, capital expenditures would increase nearly 22 per cent to $32.3 million.
Residents would see their water and sewer utility rates go up nearly nine per cent or $65 a month. Some fees would also be on the rise, including the landfill tipping fee, which would increase to $65 from $55.
The Regina Police Service would see its budget increase by just over five per cent.
The General Fund Reserve is projected to have a year-end balance of $22.3 million in 2013.
The proposed budget will be presented to Regina's executive committee Jan. 21. It will then be brought before city council for approval next month.