Thank you, Mr. Speaker. The issue of equalization and territorial formula financing at the federal/provincial/territorial table has discussed how resource revenues would be treated in that sense. It's been a hotly debated subject. Some jurisdictions are in agreement with the reports. The O'Brien report discussed a potential 50 percent inclusion/50 percent exclusion. For us in the territory, if we were to get an exclusion from that or an inclusion, as we see it being established in provinces under equalization, that would have to mirror closely to what the territorial government would start seeing. So for us, we think the possibilities are, as the Finance Minister puts his budget forward, could be a solution in that budget that could affect us in the Territories and hopefully in a positive way. Thank you.
Floyd Roland on Question 277-15(5): Territorial Formula Financing Arrangements
In the Legislative Assembly on February 8th, 2007. See this statement in context.
Further Return To Question 277-15(5): Territorial Formula Financing Arrangements
Question 277-15(5): Territorial Formula Financing Arrangements
Item 8: Oral Questions
February 7th, 2007
Page 740
See context to find out what was said next.