The Spring sitting of the Saskatchewan Legislature wrapped up today after a 40 day session. The main function of the Spring Session is the introduction and passing of the budget for fiscal year 2023/24 and to vote on legislation that was introduced in the Fall Session. There will be one more full session beginning in October of this year before the next provincial election expected in the Fall of 2024.
The Government of Saskatchewan is forecasting a surplus budget for this fiscal year and paying down $1 billion in government debt. During this Session, Premier Moe announced that Saskatchewan will not meet the federal government’s Clean Electricity Standards by 2035. These new rules requires provinces to eliminate coal-fired electricity generation by 2030, or install Carbon Capture systems on those coal-fired power stations and to completely decarbonize their electrical grid by 2035.
The Government of Saskatchewan also passed the “Saskatchewan First Act” that reasserts the Province’s position that natural resources, as well as the generation and distribution of electricity, is the exclusive jurisdiction of the provinces according to the Constitution of Canada. It remains to be seen how the federal government responds to this announcement.
MLA’s will now head back to their constituencies for the summer barbecue circuit, town fairs and community events and will return to the Legislature in October for the Throne Speech to kick off the next legislative session.
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For more information and insights about what these developments mean for the business sector in Saskatchewan, please reach out to our experts:
Theo Bryson – Senior Strategy Advisor
Kevin Doherty – Vice President
Tom Lukiwski – Senior Strategy Advisor
Bronte Prosser – Strategy Advisor
To learn more about Prairie Sky Strategy, please visit our website.