Quote:
Originally Posted by GP_Matt
I would have been just as happy to see them pay off the debt and then direct resource revenue into the Heritage Fund. Where I think they went really wrong was when they stopped putting money into the Heritage fund and switched it to the Sustainability fund which was very easy to withdraw from. If they hadn't, we would have been having this conversation 5 years ago when the started paying bills from the Sustainability fund. All it did was buy them time. (and possibly an election or two.)
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Tough call though. The sustainability fund was a "rainy day" kind of account. Its not easy to dispute that we did indeed have a rainy day here! The issue is that with the decreased tax revenue that rainy day was exacerbated.