Prince Edward Island Finance News

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Updated: 3 hours 56 min ago

Higher revenue, lower expenses boost third-quarter forecast

Wed, 03/25/2015 - 23:00
Increased revenue from crown corporations and reduced expenses by government departments have improved the province's third-quarter fiscal position by $5 million.'Islanders expect and deserve a government that is fiscally responsible,' Premier and Finance and Energy Minister Wade MacLauchlan said. 'This update provides us with encouraging news that demonstrates how the budgetary restraint of our ministers and department staff is paying off and helping...

Core Government Internet/VPN Outage - March 25 2015

Tue, 03/24/2015 - 23:00
On Wednesday, March 25 2015, there will be a Core Government Internet/VPN Outage at the Sullivan Building Data Centre. This Internet outage is required for Aliant to perform scheduled maintenance. This outage will be scheduled for 10 minutes starting at 2:30 AM on March 25th.This outage will affect all connections to the Internet for Government Departments. Internet connections for Health and Education will not be affected.Items affected include:-...

Premier MacLauchlan thanks federal government for cable support, confirms province's commitment to project

Thu, 03/19/2015 - 23:00
A new electricity connection to the mainland, the largest and most important infrastructure project for Prince Edward Island since the Confederation Bridge, will ensure the province's future energy needs can be met and protect Islanders against the risk of volatile rate increases associated with the existing aging cables. Premier and Finance and Energy Minister Wade MacLauchlan today thanked the federal government for its contribution of $50 million...

Reject racial discrimination on March 21 and every day

Wed, 03/18/2015 - 23:00
The International Day for the Elimination of Racial Discrimination on Saturday, March 21 is another opportunity to celebrate cultural diversity in our province, Premier and Finance and Energy Minister Wade MacLauchlan says.'Prince Edward Island welcomes any and all people who are willing to help enrich our Island community,' said the Premier, who is the minister responsible for the Public Service Commission. 'This coming Saturday and every day...

Forum will showcase Island economy, trade opportunities

Thu, 03/12/2015 - 23:00
The Premier's Economic Forum will provide an overview of the Island economy and explore our current successes and future opportunities as a trading province.Date: Monday, March 16, 2015 (storm date Tuesday, March 17)Time: 9:30 a.m. to 12:30 p.m.NEW LOCATION: Murchison Centre, 17 St. Pius X Avenue, Charlottetown (MAP)The event is open to the public, but please RSVP to as space is limited. It will also be live streamed on the...

Report ranks province among fastest-growing economies

Mon, 02/23/2015 - 16:00
Prince Edward Island will be among the nation's economic growth leaders this year, positioning the province to set a new strategic path for continued growth, jobs and prosperity.In its report Provincial Outlook: Winter 2015, the Conference Board of Canada ranked Prince Edward Island first in Atlantic Canada and No. 4 among provinces in projected GDP growth, behind only British Columbia, Manitoba, and Ontario. At 2.6 per cent in 2015 and 2.5 per cent...

Pre-budget consultation schedule amended

Tue, 02/03/2015 - 16:00
The dates of two pre-budget consultation sessions have changed from those originally announced.The roundtable sessions will run from 2 to 4 p.m. as follows: February 11, O'Leary (storm date of February 18); February 12, Summerside (storm date of February 20) French interpretation services available; February 13 (NEW DATE), Charlottetown (storm date of February 26); and February 19 (NEW DATE), Montague (storm date of February 25).Those wishing to...

Energy efficiency grants help 600 more Islanders than last year

Sun, 01/25/2015 - 16:00
A popular energy efficiency grant program was available longer and helped more Islanders than last year, Finance, Energy and Municipal Affairs Minister Wes Sheridan says.'We made changes to the Office of Energy Efficiency's grant program to make it as fair as possible,' Minister Sheridan said. 'This year the resources were better targeted at those most in need of assistance, allowing the program to stay in business longer and help more Islanders...

Islanders invited to provide input on 2015-16 budget

Tue, 01/20/2015 - 16:00
Islanders can offer their advice on the 2015-16 provincial budget during four roundtable sessions next month, says Finance, Energy and Municipal Affairs Minister Wes Sheridan. 'As we approach our goal of a balanced budget, we want to continue the discussion with Islanders on how to get there,' Minister Sheridan said. 'Should we spend more on some programs and services, and less on others? Should taxes be lower or higher, and which ones? Above all...

Changes to Lands Protection Act will better meet today's needs

Tue, 12/02/2014 - 16:00
Updates to the Lands Protection Act will help to better balance the requirements of landowners on Prince Edward Island with the need to protect our limited land resources, Finance, Energy and Municipal Affairs Minister Wes Sheridan says.'The Lands Protection Act needed to be reinvigorated after more than 30 years, and Commissioner Horace Carver's recommendations showed us the way,' Minister Sheridan said. 'These amendments like the report that inspired...

Fall updates show province on track to balance budget

Tue, 11/25/2014 - 16:00
The province experienced growth in several sectors of its economy and is on track to reach a balanced budget, Finance, Energy and Municipal Affairs Minister Wes Sheridan says. 'It is encouraging to see such a variety of industries experience banner years,' Minister Sheridan said. 'Our multi-year fiscal plan remains on track, and we remain committed to returning to a balanced budget.'Minister Sheridan today tabled the 2014 Fall Economic and Fiscal...

Capital Budget builds on investments in projects Island-wide

Tue, 11/18/2014 - 16:00
Health care facilities, schools, roads and bridges, and the province's information technology systems will benefit from $74.5 million in the 2015-16 Capital Budget, Finance, Energy and Municipal Affairs Minister Wes Sheridan says.'We are building on our accomplishments of our stimulus budget years that helped Prince Edward Island avoid the global recession,' said Minister Sheridan. 'This budget will ensure further improvements are made to schools...

With election, Bedeques one step closer to combining

Tue, 11/04/2014 - 16:00
Bedeque and Central Bedeque are one step closer to amalgamation after electing their first unified council this week, Finance, Energy and Municipal Affairs Minister Wes Sheridan says.'These communities saw an opportunity to increase their population and enhance their financial standing by combining resources,' Minister Sheridan said. 'The province applauds the vision of community leaders, who saw they could make a brighter future for their residents...

Where to find election-night results

Sun, 11/02/2014 - 16:00
Municipalities will elect councillors today, and results will be made available online as soon as they're available.As previously announced by Elections PEI, vote totals for council races in Charlottetown, Cornwall, Stratford, and Summerside can be found at Results from the remainder of the Island's towns and communities will be posted on remember to cast your vote or attend one of the special...

Vote for municipal councillors on November 3

Sun, 10/26/2014 - 23:00
Islanders can be the change they wish to see in their local communities by voting in the November 3 municipal elections, Finance, Energy and Municipal Affairs Minister Wes Sheridan says.'Municipal councils are the level of government that is closest to Islanders, so it matters very much who's around those tables,' Minister Sheridan said. 'Your vote is your voice, so please remember to use it on November 3.'Nearly all Prince Edward Island municipalities...

Interruption of website services October 28

Sun, 10/26/2014 - 23:00
The Government of Prince Edward Island website and all online services will be unavailable on Tuesday, October 28, between 8 p.m. and 8:30 p.m. for system maintenance. Sorry for any inconvenience this may cause.

Many municipalities still accepting candidate nominations

Wed, 10/15/2014 - 23:00
Most Island municipalities are still accepting nominations for the November 3 council election, Finance, Energy and Municipal Affairs Minister Wes Sheridan says.'There's still time to file as a candidate for office in nearly 70 Prince Edward Island municipalities,' Minister Sheridan said. 'If you've considered running but just haven't made it official, now's the time to be the change you want to see in your community.'Monday, October 20 is the last...

Wind projects earn Sheridan 'Clean16' honour

Mon, 09/15/2014 - 23:00
Finance, Energy and Municipal Affairs Minister Wes Sheridan's work on the Hermanville/Clearspring wind development has earned him a place among Canada's Clean16 leaders in sustainability and clean capitalism, says Premier Robert Ghiz.'This award is well-deserved recognition for Minister Sheridan's strong leadership in expanding wind energy capacity in Prince Edward Island,' Premier Ghiz said. 'He partnered closely with industry and the community...

Islanders encouraged to run for office, vote in municipal elections

Sun, 09/14/2014 - 23:00
Running for office and voting in the November 3 municipal elections are two ways Islanders can be the change they wish to see in their community, says Finance, Energy and Municipal Affairs Minister Wes Sheridan.'Municipal councils are on the front lines of government because they make decisions that affect our lives every day,' the minister said. 'Consider putting your name forward for office or encourage someone you know to make a run and please...

Local Government Ministers Focus on Disaster Mitigation and Strengthening Communities

Wed, 07/16/2014 - 23:00
Provincial and territorial ministers responsible for local government today renewed their commitment to work together to support viable and safe communities. The ministers meet annually to share information and ideas on key issues relating to municipalities and communities across Canada, and to learn from each other's experiences and successes. 'I am especially honoured to host our meeting this year', said Wes Sheridan, Prince Edward Island's Minister...