Pender sees positives in economic outlook

Diane
Diane Crocker
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Charles Pender

CORNER BROOK — Finding out Finance Minister Tom Marshall was ready to back down on some of the budget cuts announced this past spring came as good news to Corner Brook Mayor Charles Pender.

Marshall released his fall economic outlook on Monday. In it he said the province’s deficit is more than $100 million less than expected.

And while he still wants to stick to the 10-year Sustainability Plan for the province, Marshall indicated he is prepared to review cuts planned for Memorial University, the College of the North Atlantic and the province’s four health authorities.

“Anytime the province has more money in the coffers to be able to distribute around the province it’s always good news,” said Pender.

“Especially for an area like Corner Brook where we’re so dependent on the government sector employment.”

Pender said whether it’s at the hospital, the university, the college or in various government services that the city, as a regional service centre, is very dependent on those jobs.

“We took a fair number of cuts in the spring, a fair number of jobs were lost,” Pender said.

And while the mayor believes government has a right to manage its finances, he said it’s is  not like in more prosperous areas like St. John’s where when you lose a job there are more around.

“Generally in Corner Brook when you lose your job with the government sector you may be forced to leave and that means we have families leaving our area.”

Organizations: College of the North Atlantic

Geographic location: Corner Brook

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  • Too Funny
    December 03, 2013 - 07:45

    "Anytime the province has more money in the coffers to be able to distribute around the province it’s always good news". Newsflash, a deficit is not "money in the coffers". What is in the coffers are IOUs.