SUMA Convention 2015: Premier's Address

The following are some of my notes of the Premier's address.

• Revenue loss estimated $600m-$800m which is about 5%-6%
• No money for more, some same, some less
• Revenue sharing has worked well and has been consistent and stable
• Sask Party keeps commitments
• People expect politicians to respond to extraordinary conditions
• Last downturn saw main stream growth
• This time is not as bad with strong potash and agriculture
• Economic growth in 2015 expected to be 2%
• Only 2% of new jobs are in resource sector
• Provincial role is to set tone and good environment
• Budget Goal: keep strong
• Priorities:

·         low taxes,

·         income and education tax reduction,

·         new incentives,

·         controlled operational spending,

·         build infrastructure and reduce infrastructure deficit,

·         HR training, international engagement including municipalities,

·         competitiveness,

·         no deficit

• Working towards a tax revenue virtuous circle.

·         This is my understanding of the what the Premier means: where the growth in tax revenue is due to economic growth and is enough for government business and capital