Quote:
Originally Posted by MarchHare
If the WRP gets rid of the irresponsible Dani-dollars, I'd be 100% behind this policy. IMO, there are only three fiscally-responsible ways to deal with a surplus:
1) Accelerate repayment of outstanding government debt
2) Invest in long-term savings (i.e. Heritage Fund)
3) Save the excess money in a good year to cover a budget shortfall in a bad year (i.e. Rainy Day fund)
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I rather like the portion going to the municipalities. As a one time cash injection it would allow them to finance something that people want but may not be able to afford. In the past, surpluses have been used in some part by the provincial government to fund these kinds of projects but I would much rather have those drafting the budget removed from the spending decisions of a surplus.
The city will know that the money is one time and has no strings so hopefully they don't use it to ramp up program spending.