The city’s 2026 preliminary budget will see Winnipeg’s property taxes return to an annual 3.5 per cent increase, following last year’s decades-high hike of nearly six per cent.

This was previously promised in the city’s multi-year budget plan.

For the average homeowner with a home valued at $371,000, it means an additional $75 a year.

That means an additional $26.6 million annually for the city in 2026, with about $7.6 million of that going towards the renewal of streets, bridges, sidewalks and lanes.

The 2026 budget will see an expenditure growth of 5.2 per cent. The upcoming year will also see $1.2 billion in capital, or $3.8 billion over six years — a 43 per cent increase from the year prior, including upgrades to the North End Wastewater Treatment Plant.

The first two phases of th

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