Thank you, Mr. Speaker. I would like to thank the Minister for that explanation because I believe there is a perception out there in the public in the Northwest Territories that there is, not quite the way the Minister describes it, but there is some utopia coming here to our fiscal situation as a result of these negotiations taking place on resource royalties. One of the questions that was posed to me by a constituent was with respect to the tax initiatives the Minister has proposed. They were wondering when we get this deal, and when we start to see the kind of revenue we need to sustain ourselves here in the Northwest Territories, would the Minister consider including in the legislation a sunset on those kinds of revenue raising initiatives. So that is why I am trying to put this question into context so that people can understand that it is not going to be a magic one-time bullet, it is a transitional ongoing negotiated thing. To the question of my constituent, is it possible that on some of the either reductions or revenue raising initiatives such as additional personal income tax, is it possible to build some kind of a sunset in those, just like what the Conservatives did with the GST that we are still waiting for? Thank you.
Jane Groenewegen on Question 72-15(3): Formula Financing And Revenue Sharing
In the Legislative Assembly on March 24th, 2004. See this statement in context.
Supplementary To Question 72-15(3): Formula Financing And Revenue Sharing
Question 72-15(3): Formula Financing And Revenue Sharing
Item 6: Oral Questions
March 23rd, 2004
Page 249
See context to find out what was said next.