Speaking from Saskatoon Wednesday morning, Premier Scott Moe introduced a proposal on behalf of the Saskatchewan Government aimed at making equalization pay just that, more equal.
Moe had spent the week hinting that a proposal would be made to the federal government, posting on social media about Quebec receiving nearly 100-billion-dollars over the last ten years and Saskatchewan receiving nothing.
Moe calls the proposal the 50-50 formula.
“Under the 50-50 formula the relative fiscal capacity of each province would continue to be calculated as it is now,” Moe said via his Facebook page. “Half of the total equalization pool would be distributed using the existing formula, the other half of the pool would be dispensed on a per capita basis,” Moe added.
Moe says this plan ensures that all provinces would receive some amount of funding, but the “have-not” provinces would still receive a significant amount more than the “have” provinces.
The current equalization formula, which only gives money to “have not” provinces expires early in 2019.