Employers’ Council reacts to the fiscal update
The Employers’ Council has been in the news reacting to the mid year financial update by the Deputy Premier and Finance Minister Siobhan Coady. View some of our media coverage: News Talk – Linda Swain VOCM – Oct. 20, 2023 On The Go – Anthony Germain CBC – Nov. 1, 2023 Business News – David  [...]
Employers’ Council secures payroll tax reduction in Budget 2023
Our efforts to call attention to the cost of doing business in NL are paying off. Today’s provincial budget included an increase in the payroll tax (Heath and Post Secondary Education tax, or HAPSET) threshold from $1.3 M to $2 M. This will exempt 1250 businesses from paying this 2% tax on payroll. In conversations  [...]
Employers’ Council Reacts to Fiscal Update
The Employers’ Council has been in the news this week responding to the fall fiscal update. On Wednesday, October 19th, Finance Minister Siobhan Coady gave an update on the province’s fiscal position. The Minister announced an unexpected surplus of $479 M, up from a projected deficit of $351 M at budget time. The province is  [...]
Employers’ Council reacts to the provincial budget
The Employers’ Council has been in the news reacting to yesterday’s provincial budget. Media coverage links are below. Your association has run three campaigns and done hundreds of meetings and interviews on the province’s spending problem. It is our number one advocacy issue. While government admits they have had a spending problem it is clear  [...]
Government delivers “more of the same” in pandemic Budget
Speech provides hope that action on spending reform to come next year New Finance Minister Siobhan Coady released her first budget yesterday amid the Covid-19 pandemic. The delayed 2020-21 budget delivered more of the same in terms of increased expenditures, large deficits and massive amounts of borrowing. Expenses increased $524 M over 2019-20, to a  [...]
Employers’ Council disappointed with increased spending and little tax relief in 2019 Provincial Budget
The NL Employers’ Council was in the media in April reacting to the 2019 Provincial Budget. Click here to watch Jaclyn Sullivan provide live reaction to the budget on CBC. Despite a paper surplus, we still have a spending problem Government presented a $1.9 B surplus for 2019-20, by recognizing the full $2.5 B in  [...]