Written by Colin Powers on Tuesday, 20 January 2015
The provincial government is confirming that all options are being looked at when it comes to an anticipated tight budget this spring in Saskatchewan.
Rumours have started that the province is considering a cut to the revenue sharing formula that gives communities a portion of the provincial sales tax. That speculation drew concern from a number of Saskatchewan mayors, including Swift Current’s Jerrod Schafer.
Shortly after being elected, the Brad Wall government made the change to a predictable formula for revenue sharing that would allow cities to budget their spending with a predictable revenue sharing amount. But Minister of Government Relations Jim Reiter says all expenditures are being reviewed right now at the provincial level as they anticipate lower oil revenues than in previous years.
“The Premier has pointed out that we are going to have a difficult budget this year because of the falling price of oil and the impact that this is going to have on revenues and so essentially everything is going through the budget process right now.”
The provincial budget is expected to be presented in March.
via Local News http://ift.tt/1J9lbn6