Saskatchewan home owners and commercial property owners will receive a 10% tax credit this year, a 2% increase from the existing tax credit program.

     Funding for the increase to the tax credit program and the extension into the 2008 tax year comes from the $226 million one-time federal equalization dollars.

     Higgins says the Education Property Tax Credit program including the additional credit on agricultural land, together with the Provincial Sales tax reduction, business tax cuts and the indexation of personal income tax will save Saskatchewan people over half a billion dollars.