How in the World is Saskatchewan in a Deficit this Year?

[jake550]

I have a question for people so sure that the NDP are the answer...

Do you not understand business?
Seriously, how can you possibly think raising taxes is a way to attract business which in turn creates jobs??
I never have been able to understand that way of thinking.

[Oliver88]

I think Saskatchewan will once again be the only province in Canada with a balanced budget.

The finance minister said 2% spending reduction is required for a forecasted $49 barrel of oil.

[perfecho]

Jake...people will go to where the action is...and should expect to pay for that action. Are you going to open your business in Bumshut Sask, where it may be cheap as hell to rent a building? Likely, you will go where it costs a lot more, but your return is greater...why shouldn't it cost to be in a society where you can do well?
The corporate tit is just as bad as the union tit....when they don't make as much, they whine like hell. Post WW2, corp taxes were high, but things went along quite well, they invested in their company and people...instead of buying up every Tom, Dyck and Harry.
Unfortunately, money now rules...too hell with integrity....I'll take integrity and leave some dollars float by for the next guy.

[bucket]

Might be mistaken but I am not sure how the saskatchewan government budgets on 49 dollar a barrel oil when a good majority oil in saskatchewan is heavy oil that is discounted.

Interesting how they can budget using a works price.

If I did my budget using port price of wheat and showed it to my banker - they would shut me down before I left the office.

Wall in saskatchewan is still living off the vision of premiers before him. He is like a kid that inherited the farm. Majority of those guys around here ****ed it up. Wall is on his way to do that he just doesn't know it yet.

[mbdog]

Cotton...elaborate please on "structural" and "what needs to be done". Thank you.

[newguy]

People bring money ..Money brings people.Once you get the wheel rolling it has to be stopped and pushed the other way.People coming back and staying in province has been good but I migration has been a huge boost to the province.Sask needs young taxpayers to stay financially safe in the future.

[cottonpicken]

It means no matter what we will be running deficits. The whole structure is flawed.

The cure divy up tax revenues allocate them to various departments and say there you go thats your budget make it work. Personally I'd flat tax corps and individuals at 25 percent and make the dollars spent as close to the municiple level as possible.

[WiltonRanch]

When they talk $49 oil it's with respect to the price differential taken out. Average lift and processing costs on sask oil is $35 cdn a barrel. Not all oil is the same neither. Some is higher quality and worth more and some is no better than asphalt. I do agree we depend too much on resources and this province has changed since the govt changed but seriously it couldn't keep going the way it was. Less than a million people with over 100000 deriving their income from the taxpayer ie teachers etc. Face it before 65% of education was funded by property taxes. How much belly aching went on about that but where else could they find the money when there is no other industry? I don't know what to think about bringing in some many foreign workers. I have mixed emotions cause yes when everything goes to shit what do you do with them? Until we get that other large untapped population in the work force we will need foreign imports.

[furrowtickler]

Ummm - what is the percentage of actual tax payers in Sask ?? - that really contribute meaningfully - my guess is not very high. Way too many free loaders yet in this province. Greece is full of lazy free loaders and their "workforce " demands a 4 day work week to boot with paid holidays, sick leave , and way over safety regulated work place - how's that goin ?? This is where OH&S fits in BTW...
Staring us in the face daily - look at Alberta - when you spend $2 for every $1 you make eventually your fuked - its simple grade 3 math for *** sakes..
And I know my grammer and spelling are maybe grade 5 - but at least I get the big picture - most of the time.

[SASKFARMER3]

Wilton ranch your 37 Canadian is almost 49 when its converted to USA dollars and that's what its sold at.
Funny thing Alberta NDP province has oil at 52 before and now adjusted it up to 56.
Sask adjusted theirs down to 49.
Typical NDP bull shit.