The Saskatchewan Chamber of Commerce would like to see three significant issues addressed when the provincial government releases its 2014 budget on March 19, issues that will impact Saskatchewan’s economy for the greater good.
“We are looking for the provincial government to maintain a balanced budget in the year ahead,” said Saskatchewan Chamber CEO Steve McLellan. “While there are certainly investments that need to be made by the government in order to ensure that our province’s economic growth continues, the spending still needs to be done within the context of a balanced budget.”
As well, McLellan said the Chamber would like to see the province address the structural issues that are inherent to the property tax system, should the province choose to make any changes to the existing education portion of property tax rates.
The third item the Chamber is concerned about is the implementation of the government’s promised corporate tax reduction, something for which the Chamber has advocated for in recent years.
“The stimulus which would result from implementing the planned corporate tax rate reduction would go a long way toward maintaining the momentum of Saskatchewan’s economy,” McLellan said. “The cash flow which would become available would make a big difference to our province’s businesses. This change has been promised for some time now, and the inactivity on this issue is starting to have unintended consequences for the business community.”