Budget discussions underway to deal with projected deficits for Saskatoon
Saskatoon's chief financial officer Clae Hack told the governance and priorities committee meeting on Wednesday, as members of city council contemplat...
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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 week's 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.