SASKATOON – Property taxes levy and a multi-unit recycling shortfall are on the Saskatoon city council agenda Monday evening.
The purpose of the 2014 property tax levy report is to seek approval for the 2014 mill rate bylaws.
A tax increase of 7.2 percent for the city was approved in 2013 with the average residential property tax increasing $109 in 2014.
Councillors will be asked to approve a $500,000 contingency and direct it be added to the commercial/industrial property class for 2014.
A simplified property tax notice will be going out this year.
Saskatoon’s multi-unit dwelling (MUD) recycling program is expected to be in the red this year.
In 2014, the difference between what is paid to Cosmo Industries and what is collected through utilities is estimated at $215,000.
The city says the shortfall could be funded through a short-term loan from the property realized reserve and repaid using funds…
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