Developed with research conducted by the Conference Board of Canada
Responsible fiscal management and competitive tax policies encourage investment and economic growth, creating jobs and contributing to a higher standard of living for all Newfoundlanders & Labradorians. The current economic and fiscal situation in the province is the number one issue of concern for senior business leaders. Given the magnitude of the current fiscal crisis, the Employers’ Council commissioned the Conference Board of Canada to examine a variety of possible routes government could take in the 2016 provincial budget to return the province to a sustainable fiscal position.
The Conference Board examined spending in NL as compared to other provinces on a per capita or per GDP basis. They also measured the economic impact of tax increases and spending reductions to specific program categories, and made recommendations for NL. Based on this research the Employers’ Council has developed the following Shadow Budget, recommending expenditure and revenue targets for government over the next four years.
As you know, the Prime Minister announced on June 1st that the Federal Government would be fast tracking to $2.2 billion in annual Gas Tax funding to municipalities to help with jump-starting the economy post-COVID. Infrastructure and Communities Minister Catherine McKenna released further details on this Friday past in the form of a breakdown of […]
October 1, 2019 June 1, 2017, John Deere announced its acquisition of the Wirtgen Group of Companies. Subsequently, October 1, 2019, SMS Equipment and Wirtgen Group of Companies announced their mutual disassociation in the distribution of the Wirtgen product lines. SMS Equipment continues to grow with and invest in the roadbuilding and construction industry as […]
Circular – Call for 2021-2022 Municipal Infrastructure Applications
he Honourable Dwight Ball, Premier of Newfoundland and Labrador, today announced that $123 million will be invested in 140 community infrastructure projects for all regions in the province through the federal Investing in Canada Plan. Premier Ball was joined for the announcement in Deer Lake by the Honourable Lisa Dempster Minister of Municipal Affairs and […]
Substance needs to be addressed separately from alcohol due its effect on the brain The CSA Group is currently working on a new standard to address cannabis impairment in the workplace, which is scheduled to be released spring 2020, attendees heard at the Partners in Prevention Health and Safety Conference and Trade Show in Mississauga, […]
The Provincial Government is committing more than $129 million for municipal infrastructure to build safe and sustainable communities across Newfoundland and Labrador. The Honourable Dwight Ball, Premier of Newfoundland and Labrador, was joined for the announcement today by the Honourable Graham Letto, Minister of Municipal Affairs and Environment; and Terry Dunn, President of the Board […]
