Thursday, February 23, 2006

Saskatchewan: Do budgets matter anymore?

It’s clear from the third quarter update of the province’s finances that government budgets are increasingly irrelevant in Saskatchewan. 2005-06 is shaping up to be a banner year for the Saskatchewan government. Turns out Premier Calvert and company are collecting tax dollars at a record pace. Revenues are a billion dollars higher than forecasted in their budget. What gives?

Read the rest...

12 comments:

Chad Moats said...

As far as municipilaties, the provincial government should get out of transferring $100 million ,this year, to them. They should reduce their tax intake and allow the municipalities to move into the revenue gap created by the cuts. For example the Vicq Commission recommended 2% cut in PST. Should this be cut then allowing the munci. to occupy up to a 2% Sales Tax would go a long way to securing regular funding, and save $100 million.
As far as tax revenue growing would mean that incomes and profits are also growing, so is the economy growing? Yes, a lot !

Anonymous said...

Is the population shrinking? Are there fewer people employedf? Yes, a lot!

Anonymous said...

These numbers are attributable to the dramatic increase in prices for non-renewable resources such as uranium, potash and oil: NDP policies can take none of teh credit, and should shoulder the blame for the relativelty dismal performance of the economy in what should be ideal conditions for growth.

Chad Moats said...

Anon II-read the article, oil and gas revenues are DOWN. Meaning that other revenue sources are generating this and growing.
People leave SK for many reasons, to state it is because of govt policy ,alone, is closed minded and makes you an idealogue.
Would you eat all the food in your fridge in the two days after you purchased it or would you make it last you, longer ?

David MacLean said...

Oil and gas revenues are down from budget. Corporate and personal income is up. Increased revenues are not necessarily measure of growing economy. Private capital investement has been in steady decline since 1997 and lags behind the other provinces. Our job numbers are WAY down. This is NOT growth, sir.

Yeah there are lots of reasons for moving...but the biggest reason is a job.

Chad Moats said...

Well David
Corporate Capital Tax is forecast to be up $66.3 million.
Looks like your wrong on the capital investment, it is up as well.
Debt repayments- $130.9 million

Yes, people move for jobs but if you want to be an actor Weyburn isn't the place, or should Weyburn develop some movie studios?
Sask. can not be everything for everyone, it is impossible. The fact is most people leave due perceptions. The perception that they will be better off somewhere else. I know may individuals that have moved to AB for a better life, they never received.

David MacLean said...

Spin it however you want. I would advise against glomming to the latest facts and figures. Instead,you should focus on the broader trends. Read the BTRC report and get back to me.

Chad Moats said...

Now that's the pot calling the kettle black, David.

David MacLean said...

Read the BTRC report. Don't take my word for it.

Chad Moats said...

Well, Your still a hypocrite for the spinning comment. As that is the way you make your living David.
I will re-read the report but the fact remains that the trend for last year was up.

David MacLean said...

I think every NDP, Saskatchewan Party and Liberal supporter should read the BTRC report.

Right to work said...

Moats:
you want another beauracracy to collect a 2% minicipal sales tax rather than 1 cheque cut to reimburse municipalities for taxes gleaned from their tills.
This will create some good jobs.
I like your thinking on how to create employement. You should patent the wheel.
Do you have any idea how much it costs to collect PST in this territory? {I hear we might lose province status because of declining population}

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