Mr. Speaker, by far, the largest governing factor is the formula financing agreement with Canada, which is being further negotiated this week. That is the central piece of information around which we revolve all our forecasts. By far, the governing factor is our formula financing agreement. It affects Mr. Todd when he is trying to make arrangements with the government with regard to the northern accord. It affects when we look at diamond mines and how new regimes would affect them and us. We always have to come back to the formula financing agreement. For instance, the formula financing agreement affects transfers to this government from the Government of Canada. That is the largest limiting factor in our ability to raise extra revenues, Mr. Speaker. Thank you.
John Pollard on Question 509-12(7): Status Of NWT Revenue-generating Initiatives
In the Legislative Assembly on June 6th, 1995. See this statement in context.
Further Return To Question 509-12(7): Status Of Nwt Revenue-generating Initiatives
Question 509-12(7): Status Of NWT Revenue-generating Initiatives
Item 6: Oral Questions
June 5th, 1995
Page 1147
John Pollard Hay River
See context to find out what was said next.