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Legislative Report
March 27, 2025

Budget Summary

The spring 2025 Legislature session began on Wednesday March 19^th. Deputy Premier and Finance Minister Jim Reiter tabled the 2025-26 Budget on the opening day of session. The budget delivers on the priorities of Saskatchewan people - affordability, health care, education, safer communities and responsible financial management.

As a signal of strong financial management, the Government of Saskatchewan is delivering a balanced budget in 2025-26, with a surplus of $12 million. This fiscal responsibility has placed Saskatchewan in an excellent position to weather the potential tariffs that may become a reality during this fiscal year.

In addition to tax savings for all residents of Saskatchewan, record investment in health care and education, the Premier announced on March 26^th, Saskatchewan will be the first province in Canada to remove the federal Carbon Tax completely, starting April 1^st.

Highlights of the budget include:

Raising the basic personal exemption, spousal and equivalent-to-spousal exemption, dependent child exemption and the seniors supplement by $500 a year, for the next four years - over and above the impact of indexation - for the largest personal income tax reduction in the province since 2008.
Increasing monthly income assistance benefits by two per cent for Saskatchewan Income Support (SIS) and Saskatchewan Assured income for Disability (SAID) clients.
Increasing the Disability Tax Credit and Caregiver Tax Credit by 25 per cent.
Commitments to accelerate the hiring and growth of the health care professional workforce in the third year of the ambitious, multi-year Health Human Resources Action Plan to recruit, train, incentivize and retain employees.
Saskatchewan residents will see steady and significant progress throughout the province on multiple infrastructure projects, such as new hospital builds and long-term care facilities, with a total record capital investment of $656.9 million, a $140.1 million increase over last year.
Saskatchewan's 27 school divisions will receive $2.4 billion in school operating funding for the 2025-26 school year, a record increase of $186.4 million or 8.4 per cent. In addition to school operating investments, school infrastructure will see $191.3 million invested during 2025-26.
Increases to the Municipal Police Grant Program will help frontline officers respond to more calls for service, while increased funding for the RCMP will support operations in the province and the RCMP First Nations Policing Program. The budget also includes funding for previous commitments for approximately 100 new municipal police officers, 14 new Safer Communities and Neighbourhoods personnel and funding for the Saskatchewan Police College to train more officers in the province.
A record $362 million in municipal revenue sharing, an increase of $22 million, or 6.3 per cent, from 2024-25.
Across the province, an $81.6 million investment will repair or rebuild 18 bridges and more than 100 culverts and $777.0 million to enhance driver safety and invest in strategic infrastructure to sustain Saskatchewan's export-based economy.

You can read a full breakdown of all investments made for the people of Saskatchewan here: https://budget.saskatchewan.ca/

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February 2025 Newsletter

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