REGINA — The upcoming Nov. 5 Regina city council meeting has two key items on the agenda:
Investment policy:
City administration is recommending council change its current investment policy.
In their report, the city says the new mid-term and long-term portfolios “will allow for the ability to invest in the infrastructure and commodities asset class.”
The city said new changes will see a 5.4 per cent return on investment from their mid-term asset mix (up from 4.9 per cent). Meanwhile, their long-term mix would see a 6.3 per cent return on investment (up from 5.8 per cent).
Tax tools:
Ward 4 Coun. Mark Burton is tabling a report which would direct the city to add a base tax capability and a minimum tax capability by 2028.
According to the province, a minimum tax will increase the taxation revenue generated from lower assessed properties within one or more property classifications.
For a base tax, property owners pay an established rate, depending on the classification of a property. Once the taxes are calculated for the property, a base tax would be added.
Burton’s motion recommends diverting $500,000 from the 2026/2027 budget to accomplish these upgrades to the Tax and Assessment System (TAS).
Both items will be debated on Wednesday.
