Premier announces over $340 million for Municipal Revenue Sharing

Premier Scott Moe has announced that Saskatchewan’s 2024-25 Municipal Revenue Sharing (MRS) Program will set a new record at $340.2 million, an increase of approximately $42.3 million over the previous year.

The Premier announced this during the 2024 SARM Convention in Regina.

Moe said this increase is 14 percent from the 2023-24 fiscal year and 167 percent from 2007-08.

“Our government made the commitment to Saskatchewan communities to create and support a predictable revenue-sharing tool that grows with our province’s economy,” Moe said. “With this announcement, more than $4.3 billion in provincial funding has been allocated since 2007 to support the priorities of municipalities.”

Provincial funding for MRS is based on three-quarters of one point of the provincial sales tax revenue collected two years prior.

MRS provides predictable, no-strings-attached funding to municipalities that may allocate those dollars to their budget priorities.

Moe also said that the Targeted Sector Support Initiative will again receive a $1.5 million investment from the total MRS program.

This initiative is co-managed by the provincial government and municipal partners. It invests in projects that advance shared priority areas such as good governance, regional planning, and inter-community collaboration.

The Premier added that more about the revenue-sharing program will be announced in the provincial budget.

More from 620 CKRM