March 27, 2024
Council Approves Development Incentives and Grant
La Ronge, SK – After a month of review and discussion, Council approved a package of community development incentives at its March Council meetings.
A number of community projects are planned for the coming years, highlighted by the new Long-term Care Facility. “These projects are anticipated to create jobs, impact housing needs, and spark business expansion and development. The Town is preparing to service and market lands to meet these development needs, but Council also wants to provide more direct incentives”, stated Jeff Long, Manager of Planning and Development.
As a result, 2 new tax abatement programs are launching April 5 that incentivize residential and commercial growth. Both programs will provide a waiver of municipal property taxes associated with property assessment changes due to a development. The length and value of the tax abatement increases with the value of the commercial development or, in the case of residential developments, the net increase in dwelling units created. The timing of the residential incentive may also be ideal for homeowners planning to access the Saskatchewan Secondary Suite Incentive that offers grants of up to $35,000 toward renovation costs.
In addition to tax abatements, the Town approved a grant program specifically targeting revitalization and beautification of the downtown area. Applicants may now receive up to $5,000 in matching funds toward a project that renovates, builds, or cleans-up storefronts and outdoor spaces.
“Council is dedicated to addressing development challenges facing the community in a fiscally responsible manner”, explained Mayor Joe Hordyski. “Deferring tax revenue associated with community growth, and offering grants for downtown revitalization, are ways Council that can partner with the community and encourage needed investment.”
For more information, contact:
Jeff Long, MCIP, RPP
Deputy CAO / Manager of Planning, Development, & Regulatory Services
306-425-3801
Downtown Revitalization Policy