The Municipal Potash Tax Sharing Administration Board has released its 2021 potash tax sharing estimates for the Esterhazy Area of Influence, with most urban municipalities within the area seeing an 8.30 per cent increase in the amount they are receiving in 2021, and most rural municipalities receiving a 9.71 per cent increase.
The exception to this is the RM of Moosomin and the RM of Spy Hill, which are both seeing decreases this year in their sharing distribution compared to 2020.
The RM of Moosomin has a decrease of 3.71 per cent and will be receiving $8,185.29 less than last year. The reason is that the adjustment received in 2020 for the dissolution of the Village of Welwyn is no longer applicable. The adjustment was limited to a three-year period from 2018 to 2020. In 2020 the RM received $220,634.19. This year it will receive $212,448.90.
The RM of Spy Hill has a decrease of 8.27 per cent, or $164,960,96. The change is due to a shift in potash production to newer mine sites farther west, and farther away from the RM. In 2020 the RM received $1,995,124.81. In 2020 it will receive $1,830,163.85.
Municipalities receive a percentage of the potash tax sharing distribution if they are within 16.1 kilometers of a mine site.
This year’s total taxable assessment, between Nutrien and Mosaic, is close to a billion dollars at $924,150,510.
