The province’s municipalities will soon get a financial boost, thanks to the provincial government.
On May 7, Government Relations Minister Lori Carr announced that Municipal Revenue Sharing (MRS) will be fast tracked for the 2020-21 year.
All MRS funds will be paid in full directly to municipalities in June, rather than in installments throughout the year. This is meant to help communities cope with the COVID-19 pandemic.
These funds are in addition to the $2 billion economic stimulus that was announced on May 6.
“The Government of Saskatchewan is committed to ensuring that all municipalities in the province have the resources in place to navigate these challenging times,” Carr said. “This stable, consistent, no strings attached funding for municipalities can be invested in programs and services as the community sees fit.”
The government will distribute $278 million in funding. Municipal Revenue Sharing is based on .75 of one point of PST (from two years’ prior).
For more information on the Municipal Revenue Sharing program, visit the government’s website.
