The Sask. Party Government has given a sneak peek into the provincial budget, set to be shared on March 19th, with an announcement on Municipal Revenue Sharing this afternoon.

The province says communities across Saskatchewan will receive a record-setting $361.8 million, which is an increase of $21.5 million cent from last year.

Through the MRS program, cities, towns, villages and rural municipalities will receive unconditional funding to better the quality of life for residents, whatever that may look like. The amount of money granted to these communities is based on three-quarters of one point of provincial sales tax revenue from two years prior.

In the same announcement, the province also revealed that all Saskatchewan residents, agricultural landowners, businesses and corporations will see a reduction in Education Property Tax mill rates in the 2025-26 Budget.

For example, the agricultural Education Property Tax mill rate is now 1.07 compared to 1.42 in 2024. The rest of the reductions are listed below.

The decision is welcomed by the Canadian Taxpayers Federation, which believes the tax cut will both grow the economy and allow taxpayers to start saving some money.

CTF Prairie Director Gage Haubrich says families will get some much-needed financial relief from today’s announcement, especially after the government raised Education Property Tax mill rates in 2022.

Haubrich adds that the property tax cut was a “good first step that helps make Saskatchewan farmers and businesses more competitive amid economic uncertainty, but the government needs to take the next step and offer more tax relief to all Saskatchewanians.”