The Reminder is making its archives back to 2003 available on our website. Please note that, due to technical limitations, archive articles are presented without the usual formatting.
Saskatchewan Finance Minister Ken Krawetz this week announced the final stage of the province's Education Property Tax reform. Krawetz said it "completes the largest education property tax cut in the history of Saskatchewan, reducing the agricultural mill rate from 7.08 to 3.91." "Once fully implemented in the upcoming budget, the education portion of property taxes on agricultural land will have been reduced by a total of 80 per cent," Krawetz said. "This includes an additional $31.3 million reduction in 2011. At the same time, we are committed to a corresponding increase in the provincial share of education funding." Premier Brad Wall recently announced that the new municipal revenue sharing formula would also be fully implemented in the 2011-12 budget, with one point of the PST going to municipalities. "Overall, municipalities will receive 2011-12 funding of $216.8 million, with rural municipalities and organized hamlets seeing an increase to $62.9 million, up $14.3 million in the last fiscal year," Krawetz said.
