But with respect to the agreements themselves, there are actually legal provisions within those commercial arrangements that dictate the time frames and that termination notice needed to be sent out when it was sent out.
Earlier this month, Premier Blaine Higgs announced his government would be pulling out of tax-sharing agreements with 13 Mi kmaq and Wolastoqey First Nations.
In place since 1994, those agreements fuelled economic growth in some Indigenous communities by allowing First Nations to keep 95 per cent of on-reserve gas tax revenue up to $8 million and 70 per cent of amounts beyond that.
The Grey Rock Power Centre in Madawaska is one of several First Nation truck stops in New Brunswick covered by tax sharing agreements with the province.(Julia Wright / CBC)
Higgs s plan to run deficits until 2024 catches political watchers by surprise
In a break from his typical style of aiming to deliver balanced fiscal budgets, New Brunswick Premier Blaine Higgs government has not only presented a deficit budget for the 2021-22 year, but announced it plans to do so again for the year after.
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Once in favour of making deficits against the law, PCs plan to add $639M to N.B. s debt over 3 years
Posted: Mar 17, 2021 5:00 AM AT | Last Updated: March 17
New Brunswick Premier Blaine Higgs has surprised some of his critics in the legislature with the plan for his government to run deficits in the upcoming and following fiscal years. Some are even applauding the move.(Submitted by the Government of New Brunswick)
Kevin Bissett March 16, 2021 - 12:48 PM
FREDERICTON - New Brunswick s Progressive Conservative government tabled a $10.7-billion budget Tuesday that is heavily influenced by the ongoing impact of the COVID-19 pandemic. While better days are ahead, we know that COVID-19 will continue to have a big influence on our lives for much of this year, Finance Minister Ernie Steeves said in the provincial legislature. We also know that continued support will be needed.
The budget includes almost $65 million to directly address COVID-19 through measures such as immunization and funding for the Tele-Care 811 phone line. It also has more money for physician recruitment and new nursing homes.