Released on March 15, 2023
Today, Premier Scott Moe announced the overall Municipal Revenue Sharing Program in 2023-24 will set a new record with a more than $297 million provincial investment, benefiting municipalities and supporting their local priorities across Saskatchewan.
"Saskatchewan’s municipal revenue sharing program is nation-leading, and as a predictable funding source it helps municipal governments support and plan for local priorities in their communities," Moe said. "This new record provincial investment will benefit both rural and urban communities and keep our great province strong."
Total 2023-24 provincial funding for the Municipal Revenue Sharing Program represents a 13 per cent increase from the current fiscal year, and a 134 per cent increase from the 2007-08 fiscal year.
The previous record for the overall Municipal Revenue Sharing Program for a fiscal year budget was set in 2020-21 at $278 million. The average annual provincial funding for this municipal program for the previous five years from 2018-19 to 2022-23 is more than $261 million.
The Targeted Sector Support Initiative will once again receive a $1.5 million investment from the total Municipal Revenue Sharing Program. This initiative is co-managed by the provincial government and municipal partners, investing in projects that advance shared priority areas such as good governance, regional planning, and inter-community collaboration.
Provincial funding for the Municipal Revenue Sharing Program continues to be based on three quarters of one point of the provincial sales tax revenue collected from two years prior.
With this announcement, nearly $4 billion in provincial funding will have been allocated to support municipalities across Saskatchewan through the Municipal Revenue Sharing Program from 2007-08 to 2023-24.
More details will be available when the provincial budget is released.
For more information, contact: