REGINA — It is the largest property tax hike in over a decade. 

Regina homeowners will pay an extra seven per cent this year and eight per cent more for water and sewer.

Mayor Michael Fougere presented the budget on Tuesday, saying it was “all about investing in growth and opportunities.”

How does he think residents will react to growing charges?

“I think taxpayers understand that it costs money to run the city,” Fougere said.

“They also know we’re growing incredibly fast and we have a rising population.”

That extra cash you will be paying will go toward 15 new low-platform buses, making the entire fleet accessible, $73 million for police services, $39.8 million for fire and protective operations and a record $19.7 million investment in roads.

Land development will see about $22 million, the first in a three-phase landfill project will cost $10 million, and $1.8 million will go to the repair and rehabilitation of recreation, parks and open spaces around the city.

The city has also budgeted $59.4 million this year for the stadium, something Fougere said was a “quality of life” issue.

The budget goes to council on Feb. 24.