Province Fast-Tracks Record Revenue Sharing to Communities
Immediate Funds Will Help Keep Communities Strong During COVID-19
Today, Government Relations Minister Lori Carr announced that as part of the Government of Saskatchewan’s response to the COVID-19 pandemic, Municipal Revenue Sharing (MRS) will be fast tracked for the 2020-21 year.
All MRS funds will be paid in full directly to all compliant Saskatchewan municipalities in June, rather than in installments throughout the year.
“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.”
Municipal Revenue Sharing, which is based on .75 of one point of PST (from two years’ prior), is at an all time record of $278 million. Today’s announcement is in addition to the two year, $2.0 billion economic stimulus investment for the economy that was unveiled on May 6.
The stimulus plan includes $320 million for municipal infrastructure: $150 million through the new Municipal Economic Enhancement Program, $130 million through the Investing in Canada Infrastructure Program, and $46 million of targeted funding for municipal roads and airports.
For more information on the Municipal Revenue Sharing program, and distribution of funds by community please visit https://www.saskatchewan.ca/government/municipal-administration/funding-finances-and-asset-management/funding/municipal-revenue-sharing.