closed
Tuesday, June 13, 2017 - 15:20

What advice or guidance would you give to the Yukon Financial Advisory Panel?

We have many goals and priorities to build our bright future as well as finite resources to achieve them. Review the following information about the current state of Yukon government finances as well as possible fiscal tools to change the state and direction.
  • What advice or guidance would you give to the Yukon Financial Advisory Panel regarding what they consider as they work to identify options for a healthy financial future?

  • What stands out for you as you review the current financial state? From your perspective, what key considerations or criteria should guide our financial planning?

Richard Provan
Department of Finance

Comments

egras
Tuesday, December 5, 2017 - 11:18
Resource extraction cannot just be about jobs ,this is shortsighted and leads to up and down economic turmoil and leaves the Yukon chasing it's tail. Like sebastian says ;explain how the project will benefit Yukon in the short and long term.
favorite like
0 liked this
egras
Monday, June 19, 2017 - 09:57
As the resources are finite ,any industry operating to remove these resources must remediate ,by upfront bond or such. INFRASTRUCTURE should be the legacy of the industry removing the resources ,and NOT the taxpayers ,roads ,bridges ,power , or leave it in the ground until it is valuable enough to pay for this infrastructure.
favorite like
2 liked this
YukonBorn
Monday, June 19, 2017 - 16:53
It would be useful and provide for a better informed public if Yukon government posted financial data with detailed expenditures similar to what is done by BC's Ministry of Finance http://www.fin.gov.bc.ca/OCG/pa/15_16/Pa15_16.htm As it is now, Yukoners can only speculate on how government revenues are expended.
favorite like
1 liked this
John
Tuesday, June 20, 2017 - 14:14
Thanks YukonBorn. That is excellent input and always worth seeing what others are doing in other parts of the world. What do others think?
favorite like
0 liked this
takhininurse
Wednesday, June 21, 2017 - 13:14
Salaries of all YTG employees are 20-30% above comparable salaries for the same job across Canada. Solution: To create more available funds for YTG public services: YTG should immediately reduce by 15% all YTG employee wages. This will be unpopular with YTG employees but it is fair considering the fact that they are presently overpaid. This will require passing a law which will break open the present YEU - Yukon government contract.
favorite like
2 liked this
yukon47
Wednesday, June 28, 2017 - 20:55
Not all salaries are 20-30% higher - many positions are classified much to low in order to attract qualified candidates. Entry level administrative staff for example make more than many managers in the private sector.
favorite like
1 liked this
PorterCreekan
Thursday, June 29, 2017 - 08:31
I do not agree with across-board 15% cut to YG employee salaries. Yes, I am a YG employee. But also my salary is actually LOWER here in Yukon than it would be in a big city Outside. Second, it's already difficult attracting good, qualified people to work at YG in some technical areas due to the salary issue. Third, yes there are many government employees in Yukon but their salaries get spent here; a cut to salaries by 15% will have a major impact on the retail economy in general.
favorite like
1 liked this
honnorjustice
Saturday, July 8, 2017 - 21:55
Perhaps YTG should review their organizational structure and reduce the top heavy management structure. The government could employ two - three workers to one manager. Way too top heavy.
favorite like
1 liked this
takhininurse
Wednesday, June 21, 2017 - 13:23
Presently within the Continuing Care branch of Yukon's Department of Health and Social Services there exists the same work being performed by the same 2 employees. Specifically you have a situation where you have a Registered Nurse doing the same work as the Manager for that area. To save a significant amount of money annually eliminate one of these 2 jobs i.e. eliminate the registered nurse or the manager.
favorite like
1 liked this
PorterCreekan
Friday, June 30, 2017 - 07:45
As a generalization of this comment, YG employees may have great ideas for increasing efficiency inside government that they have not been able to implement due to government inertia. Some of these might be micro focused: focused suggestions for specific work areas. Others might be macro: broad suggestions that affect all of YG. How do employees get those suggestions to the Advisory Panel? Or is the Panel looking for this sort of thing?
favorite like
1 liked this
honnorjustice
Saturday, July 8, 2017 - 21:57
A manager is paid more so get rid of that position. Way too many managers anyway.
favorite like
1 liked this
yukon47
Wednesday, June 28, 2017 - 20:52
This might not be politically correct to say, but the panel/government must also consider the 75% of the population that are not first nations. Reconciliation is important - but Yukoners should all have a say in how that is accomplished. The panel should also consider how many of the services/fees that Yukoners pay are well below the average in southern Canada. People here can afford them - and if not, then greater emphasis can be placed on income testing. We have had it 'good' here for much too long, and its not sustainable.
favorite like
0 liked this
John
Friday, June 30, 2017 - 15:35
Thank you to all participants who have participated in this conversation so far. Yukoners have already shared lots of advice with the Panel for consideration. Here are some highlights of what we are hearing: • The Government of Yukon should ensure there is a strong focus on the end result of its work and outcomes. It should also incorporate evaluation measures to understand progress of any recommendations or options that are developed. • There are going to be difficult decisions ahead. There are no simple solutions to balancing diverse needs with limited resources. • Think ahead and recommend options that reduce cyclical highs and lows that impact Yukoners. We are looking forward to creative options.
favorite like
0 liked this
Sebastian Jones
Tuesday, July 4, 2017 - 10:20
Despite its short term deficit issues, Yukon is in a fortunate position compared to most jurisdictions in that we have stable funding coming from Ottawa, so we should be able to manage our finances in balance better than most other Canadian jurisdictions that depend on the vagaries of international trade, commodity prices and geo-political events. Bearing that in mind, if we avoid stupid mistakes (including failing to ensure adequate remediation bonding for resource extraction projects and failing to derive adequate recompense in the form of royalties from the privatization of public resources by resource extraction entities), we could craft a truly sustainable society, one that lives within its ecological as well as financial limits. Having said all of this, my advice to the panel is to: Incorporate the idea of limits; consider the ideas of ecological economist Herman Daly Run publicly funded projects through a financial review similar to that of the YUB, Update the mandate of the YUB to include ecological considerations, Require resource extraction projects to explain how the project will benefit Yukon in the short and long term.
favorite like
1 liked this
Eric
Tuesday, July 4, 2017 - 11:40
Hi Sebastian, this is a really great comment. Thanks for sharing your thoughts on this.
favorite like
1 liked this