Don Stewart

Hay River

Statements in Debates

Debates of , 18th Assembly, 3rd Session (day 15)

Thanks, Mr. Chair. So, when we forecast the take from personal income tax as well as corporate tax, we work with Finance Canada. I think the Member can appreciate that you do not have the full benefit of all of the tax filing when you are doing those estimates.

In the case of the 20172018 revised estimates, where the personal income tax went down quite significantly, the reality is that Finance Canada had overestimated the amount. What they discovered is that there were some, what they described as, “tax behaviours” that they did not account for, that were a result of some of the changes at the...

Debates of , 18th Assembly, 3rd Session (day 2)

Thanks, Mr. Chair. At this point, the supplementary reserve has a surplus of around $9 million because of the cash flow change that I mentioned around the Frank Channel Bridge. Thanks, Mr. Chair.

Debates of , 18th Assembly, 3rd Session (day 2)

Thanks, Mr. Chair. I think the consultation that took place on this was specifically related to the Frank Channel Bridge and talking to user groups of that. Obviously, the mining industry would be one of those users. There were concerns expressed about the width of the bridge and the load limits and those sorts of things. I think that is part of that consultation that led to the decision to do a replacement rather than rehabilitation. Thanks, Mr. Chair.

Debates of , 18th Assembly, 3rd Session (day 2)

Thanks, Mr. Chair. In terms of the Fiscal Responsibility Policy, as the Member would know there are a couple of important criteria in terms of the amount of carrying costs; it shouldn't exceed 5 per cent of your revenues, and that we have to have enough cash to be able to fund 50 per cent of our capital budget without having to borrow more than that amount. We are under both of those criteria even with the supps that are here today, so we're in good shape as far as the Fiscal Responsibility Policy. Thanks, Mr. Chair.

Debates of , 18th Assembly, 3rd Session (day 2)

Thank you, Mr. Chair. I clearly just read the table wrong. The Member is right that, when you include the purchase that was done for the double-haul barges, although that is intended to be paid back by marine services, it is about a $9 million deficit for the supplemental reserve.

Debates of , 18th Assembly, 3rd Session (day 2)

Thank you, Mr. Chair. With the change in the cash flow associated with this bridge project, the actual amount for the capital estimates will be going down by about $5.7 million. We won't have used up all of the capital reserve at this point in terms of the supplementary reserve.

Debates of , 18th Assembly, 3rd Session (day 2)

Thank you, Mr. Chair. When they went to do the more detailed look at planning for rehabilitation of the Frank Channel Bridge, they consulted with a variety of stakeholders. It was determined that replacing the bridge was more appropriate than doing repairs and rehabilitation. As a result of that, they are going to be spending some money to fix it up and then planning forward to replace it in a few years. Thanks, Mr. Chair.

Debates of , 18th Assembly, 3rd Session (day 2)

Thanks, Mr. Chair. The expectation is that the monies we've provided to purchase the barges will be paid back over a 10-year period from the revolving fund. Thanks, Mr. Chair.

Debates of , 18th Assembly, 2nd Session (day 74)

Thank you, Mr. Chair. The funding is for part of the overall strategy for revitalizing the Great Slave Lake commercial fishery. There is a variety of aspects to that, including looking at production and processing, and then accessing markets and those sorts of things. It is a project that is expected to have funding partners from both the fishers themselves, as well as the federal government. There was an application made to, I believe, CanNor, and I think that application is still in the process of being processed and finalized, but I think there is a positive indication that that funding...

Debates of , 18th Assembly, 2nd Session (day 74)

Thank you, Mr. Chair. The project is specific to some of the deficiencies that were noted in the critical incident review, so it is the interior fencing and some issues with the roof and some security cameras, and those types of items that are included in this project. Thank you, Mr. Chair.