Page 4 - Clae Hack News Today

Saskatoon's city council will hold the first of three summer budget meetings today to address the projected shortfall in 2024 and 2025. The City is pr...

Discussions to address Saskatoon's $52.4 million funding shortfall next year began at City Hall Thursday morning with several options given to hack and slash spending.

Debate centred around whether council ought to work from a baseline of capping tax increases at four per cent in its future budget work.

Some Saskatoon councillors got their first look at why the city's projected budget has ballooned out of contro...

The city faces projected shortfalls of $52 million in 2024 and $23 million in 2025.

Saskatoon's chief financial officer Clae Hack told the governance and priorities committee meeting on Wednesday, as members of city council contemplat...

Saskatoon city councillors and city administration met publicly Wednesday for the first time since last weeks budget bombshell, which detailed a $52.4 million funding gap in 2024, and a projected $23.2 million revenue gap in 2025.

City of Saskatoon CFO Clae Hack said 24 total options will be available regarding budget shortfalls at next week's council meeting, potentially closing the gap by $22.4 million.

Inflation is the largest source of the shortfalls, which are equivalent to an 18.56 per cent tax hike in 2024, and 6.95 per cent in 2025.

Clae Hack said budget pressures are consistent with what was presented in March, noting there were five areas that were causing this pressure.