Saskatchewan shelves privatization plans
Crowns earn to much to sell off.
The Regina Leader-Post reports that the Saskatchewan Party government has quietly turned its back on its ideology concerning privatizing Crown assets.
"Without the $277 million dividend the government took from the Crowns last month to balance the budget, Finance Minister Rod Gantefoer would have been looking at far more draconian cuts than the controversial steps of shutting down SCN and ending chiropractic copayments," the Canwest publication reported.
"As well as offering good services at modest cost for taxpayers, the Crowns continued to be profitable last year. SaskTel, for example, made $129 million -- up $5.4 million from 2008, while SaskPower's profit rose to $93 million."
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Posted: April 30, 2010
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