The department has done some work on the concept of a Revenue Stabilization Fund, one that would look at perhaps using a certain number for, say, corporate income tax that would try to address the volatility of our corporate income taxes. It would have to recognize that, in some years, where corporate income taxes were higher than that figure, that those taxes would be set aside to put into the fund and then to be used when tax revenues were lower than that amount. Now, I guess the issue would be what amount you would budget for with corporate taxes. It is very difficult to determine what is sort of an average level of taxes that you could budget for.
Ms. Melhorn on Consideration in Committee of the Whole of Bills and Other Matters
In the Legislative Assembly on March 5th, 2009. See this statement in context.
Consideration in Committee of the Whole of Bills and Other Matters
Consideration in Committee of the Whole of Bills and Other Matters
March 4th, 2009
Melhorn
See context to find out what was said next.