Saskatchewan’s Progressive Conservative Party claims it has discovered documents proving the Saskparty’s P3 projects make it impossible to have a balanced budget in the next 4 years.
Speaking on the steps of the Saskatchewan Legislature Monday morning, leader Rick Swenson states the P3s have no source of revenue except public taxes, do not create permanent growth, and cannot be sold at an appreciated value.
He goes on to say the P3 agreements prove the new hospitals, schools and Regina bypass are leased over 30 years on monthly payments. So far the PCs have only included the Bypass in their calculation. The schools and hospitals will add extra debt for 30 years and have not yet been calculated.
A spokesperson for the Sask Party says the Provincial Auditor gave the Province a clean audit with the most recent financial statements, which included the beginning of these P3 assets.