Thank you, Mr. Speaker. Mr. Speaker, yes, when you look at the amount that we've been notified on the reductions, or the lesser amount that we expected, our fiscal picture has now turned into a negative. We have approximately $3 million identified, at this point, on the negative side of our budget, so a deficit. With that in place, we would have to address this through our fiscal responsibility policy which says, to meet our capital plan, we have to have a surplus to fund 50 percent of that. We are close to that, but we would have to make some changes in this fiscal year to make sure that we slow down the rate of expenditures. Thank you.
Floyd Roland on Question 254-15(4): Corporate Tax Shortfall
In the Legislative Assembly on October 25th, 2005. See this statement in context.
Further Return To Question 254-15(4): Corporate Tax Shortfall
Question 254-15(4): Corporate Tax Shortfall
Item 6: Oral Questions
October 24th, 2005
Page 526
See context to find out what was said next.