With a deficit looming over the 2017-18 provincial budget, the City of Saskatoon has found just over $1 million in savings.
According to a presentation at Monday’s governance and priorities committee, city administration cut the expected tax increase just over half a percentage point to 6.48 per cent.
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READ MORE: 2018 Saskatoon property taxes could increase by almost 7%: report
The savings come from lower insurance premiums and other efforts to offset the yearly impact of the PST hike.
On the revenue side, a drop of $1.6 million is expected in 2018.
Administration will provide a budget update at each governance and priorities committee leading up to deliberations later this year.
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