Monthly Archives: February 2016

Record Funding For Saskatchewan Municipalities Due To Revenue Sharing – SwiftCurrentOnline.com

Written by Drew Medve

Record Funding For Saskatchewan Municipalities Due To Revenue Sharing - SwiftCurrentOnline.com Government GULL LAKE SouthWest Saskatchewan  Town Council Mayor's Report Government of Saskatchewan

Cities, towns and villages are in store for record revenue sharing amounts from the provincial government in 2016.

$271 million will be divided across the province, with cities taking up nearly 48 percent of the funding ($130 million) while the rest is split amongst rural ($76.6 million), towns and villages ($44.3 million) and northern ($20.2 million) locations.

Gull Lake will be receiving over $228,000 this year, which Mayor Blake Campbell says will make up 10-12 percent of the town’s total revenue, making the funding crucial to operating budgets for the town.

“I think for Gull Lake or any municipality it is important. It’s an integral part of our operating revenue as it stands now. To have that pulled out of the equation for any reason would certainly have negative impacts on any community including Gull Lake. $228,000 to a small community like Gull Lake is a good chunk of change for us.”

The town of 1,000 will see about $5,000 additional dollars compared to 2015. Campbell says he acknowledges the funding is determined by the health of the province’s finances as a whole.

“If the economy is doing well we’ll get more, a downturn we could get less. It does offer stable funding, otherwise the question would be what would we do without it. In a town like Gull Lake a $228,000 budget shortfall obviously would create challenges making ends meet, and may have to look at raising taxes. With every community and in terms of infrastructure needs, just to maintain what you have costs money.”

Campbell says streets and sidewalks alone could take up all money alloted to the town this year.

“We already have a program that we’re trying to do some streets. We have a base tax that we collect every year and that goes towards paving but even that won’t be enough over time. Down the road we’re going to need more. Hopefully when infrastructure funding comes out from the federal government municipalities are able to take advantage and help with some of these needs. Maintaining these things as they age is getting expensive, regardless if you’re a town or village or city. It is all the same infrastructure, it is all aging and we’re all having the same problems.”

Source: Record Funding For Saskatchewan Municipalities Due To Revenue Sharing – SwiftCurrentOnline.com

Weil revives helium industry in Saskatchewan

Written by  CNW
Weil revives helium industry in Saskatchewan SouthWest Saskatchewan  Helium

Weil Group Resources, LLC, is constructing a new $10 million helium processing facility in Saskatchewan to supply refined, industrial-grade helium to markets throughout North America.

The plant was designed and supplied by Germany’s Linde Group, a global leader in industrial gasses, and is slated to come on stream in April.
The facility will purify inert gas from existing wells to a “Grade A” industrial helium product (99.999 percent purity) with a capacity exceeding 40 million cubic feet per year of production. Global use of helium is about six billion cubic feet a year. Refined helium will be loaded into tube trailers and transported to customers in Canada and U.S. destinations.
Helium uses range far beyond balloons and blimps, its unique qualities have applications in science, medicine and manufacturing. Its ultra-low boiling point makes it an ideal coolant primarily for MRI machines, as well as a critical resource in semiconductor chip and fiber optic cable manufacturing.
Saskatchewan’s Ministry of the Economy worked closely with Weil to advance the project, including navigating provincial regulatory and permitting processes and addressing any barriers.
“Weil Group’s helium project will help redevelop an industry that has been inactive in our province for almost 50 years, serving as one of many examples of our province’s diversified economy,” Economy Minister Bill Boyd said. “We are committed to removing barriers to growth to create an environment where investment and opportunity can reach their greatest potential.”
Weil Group CEO, Jeff Vogt, sees a bright future in the redevelopment of the helium industry in Saskatchewan.
“We are excited to play a part in this pioneering industry in Canada. It has been a pleasure to work with the provincial government, whose responsiveness and support have helped make this project a reality. We welcome being a part of the Saskatchewan community.”
Weil Group’s helium project is situated near Mankota, Sask., about 150 km southeast of Swift Current. Weil acquired and reentered the wells in 2013 and, after extensive testing, validated sufficient helium reserves for commissioning its facility. The southwest region of Saskatchewan has several wells with higher helium concentrations, which combined with their widespread distribution indicates the potential for further exploration and development.
The Saskatchewan plant is one of several helium exploration, development and processing projects Weil Group has, including those in Alberta and the U.S. that are at various stages of development. The facility will create several permanent jobs in operations.
About Weil Group Resources
Weil Group Resources, LLC is headquartered in Richmond, Virginia and serves as a holding company for our spectrum of global energy and resource projects. Weil Group is active in the Northwest United States and Canada and has had prior projects in Colombia, South America and throughout the Philippine archipelago. The Company’s mission is to discern value in undeveloped or under-developed natural resource assets.

via SW Sask News – Prairie Post – Prairie Post http://ift.tt/1TcfM8I

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