Thank you, Mr. Speaker. Mr. Speaker, my question today is for the Minister of Finance. It relates to the hotel tax, specifically to some of the assumptions his department has used to justify the hotel tax and to make projections, such as the fact that they believe it can raise $1.2 million in revenue a year. Mr. Speaker, they assume a 60 percent occupancy rate. My research tells me that is a typical Yellowknife rate year round, but if we include all of the smaller communities and other regional centres, we are talking more like a 40 - 50 percent occupancy rate being typical.

Can the Minister tell us how he came up with a 60 percent territory-wide occupancy rate? Thank you, Mr. Speaker.