December 5, 2013 8:53 am

Saskatoon city councillors approve 7.43% property tax hike

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Watch the video above: city councillors approve 7.43 per cent property tax hike

SASKATOON – Homeowners in Saskatoon will have to dig a bit deeper in 2014 to pay for property taxes.

On Wednesday, councillors approved a 7.43 per cent tax hike, the largest increase in decades, and slightly higher than the 7.26 per cent increase originally proposed.

That works out to an increase of $108 annually for a house assessed at $325,000.

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The increase is due to the addition of traffic sound walls, something council felt was important.

“It was just time to deal with it,” said Ward 3 Councillor Ann Iwanchuk.

“I can’t tell people that they have to wait for 30 to 70 years to have a sound attenuation wall.”

Construction will be fast-tracked and the city was given approval to take out a $15.5 million loan for the project.

The police budget, at $77.5 million, was also approved.

Five new constables will hired next year and one new missing persons coordinator and a human resources position will also be filled.

An extra $13.8 million has been allocated for road repaving, patching pot hole and plowing every city street twice a year if needed.

In total, the 2014 city budget comes in at more than $773 million.

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