Prince Edward Island Finance News

Gordon MacFadyen is new provincial comptroller

Wed, 07/09/2014 - 23:00
A certified professional accountant with an extensive background in federal, provincial, and municipal finance is Prince Edward Island's new comptroller, says Finance, Energy and Municipal Affairs Minister Wes Sheridan.'We are proud to have Gordon MacFadyen join our department in this critical role,' Minister Sheridan said. 'Gordon has more than 20 years' experience in budgeting and financial analysis in many facets of government, which will serve...

40th Annual Statistical Review gives snapshot of Island's population, economy

Mon, 07/07/2014 - 23:00
This year marks the 40th time the Annual Statistical Review has collected key data about Prince Edward Island's economy, population and social makeup, says Finance, Energy and Municipal Affairs Minister Wes Sheridan. 'Our government uses the Annual Statistical Review to make some important policy decisions,' said Minister Sheridan. 'It helps us determine how best to deliver programs and services to Islanders, when and where they need them.' The 2013...

Government endorses Task Force recommendations

Thu, 06/19/2014 - 23:00
The provincial government has endorsed the general direction of the Task Force report on land use policies and will develop an implementation plan, says Finance, Energy and Municipal Affairs Minister Wes Sheridan.'Land use in Prince Edward Island is an issue that affects the economy, the environment and the quality of life of all Islanders,' said Minister Sheridan. 'The provincial government will review the recommendations in detail, and while some...

'Open House' officially launches Hermanville/Clearspring wind development

Thu, 06/19/2014 - 23:00
The Hermanville/Clearspring wind development is up, running and meeting all expectations, says Finance, Energy and Municipal Affairs Minister Wes Sheridan.'We are proud that our province continues to develop its reputation as a world leader in producing electricity from the wind,' said Minister Sheridan at an Open House to officially launch the project. 'With the addition of this latest development, Prince Edward Island is now generating approximately...

Hermanville/Clearspring wind development to be officially launched with an 'open house'

Tue, 06/10/2014 - 23:00
The Hermanville/Clearspring wind development will open its doors to the public on June 19 for an 'open house,' says Finance, Energy and Municipal Affairs Minister Wes Sheridan.'The Hermanville/Clearspring development has been meeting all of our expectations since it was commissioned in January, coming in slightly better than its $60 million dollar budget,' said Minister Sheridan. 'We want people to see, first-hand, how, with the addition of this...

Notice re provincial government associated websites

Thu, 05/29/2014 - 23:00
The public is advised that difficulties are currently being experienced when accessing some provincial government associated websites such as PEI 2014 and 811. Government staff are working with the external service provider that provides domain name services to solve the problem. A number of other customers of this vendor have also been affected.In the interim, some sites are being directed to the main Government of Prince Edward Island website....

Legislation will ensure Lands Protection Act is flexible, responsive to today's needs

Wed, 05/21/2014 - 23:00
Legislation passed last week will ensure the Lands Protection Act is flexible and can respond appropriately to today's needs, says Finance, Energy and Municipal Affairs Minister Wes Sheridan. 'Commissioner Horace Carver made some solid recommendations in his report and now it's up to Government to put them into practice,' says Minister Sheridan. 'We have now taken the first steps to make the Act more responsive to the Island's landscape, now and...

All online services restored

Thu, 04/10/2014 - 23:00
All online services offered by the provincial government have been restored. Some were back up yesterday afternoon, with the rest fully functional by suppertime the same day. Some sites had been temporarily suspended to deal with an internet vulnerability associated with the Heartbleed Bug, which affected websites across the globe.These services were temporarily shut down to safeguard the integrity of information they held. During the suspension...

Budget 2014-15 stays the course, continues to make targeted investments to benefit Islanders

Mon, 04/07/2014 - 23:00
Budget 2014-2015 continues on our path to balance while making targeted investments to benefit Islanders, says Finance, Energy and Municipal Affairs Minister Wes Sheridan.'Our spending must be restrained in order to reach our fiscal goal for 2015-2016, but we have a responsibility to continue to make investments in programs and services that meet the evolving needs of Islanders,' said Minister Sheridan. 'The investments announced in this Budget reflect...

Federal Budget contains troubling themes

Tue, 02/11/2014 - 16:00
The federal budget was short on information, but contained some troubling themes that may have an impact on provincial finances, says Finance, Energy and Municipal Affairs Minister Wes Sheridan. 'While it is positive to see that the Federal Government has balanced its Budget, our concern is that in their attempt to find positive measures, they are finding the initiatives and the funding within provincial jurisdiction,' said Minister Sheridan. Following...

Islanders invited to offer their ideas for Budget 2014

Tue, 01/14/2014 - 16:00
Government is moving steadily toward its fiscal targets and is looking for feedback from Islanders into the 2014-2015 provincial budget, says Finance, Energy and Municipal Affairs Minister Wes Sheridan. 'There are always great discussions at our pre-budget consultation roundtables,' said Minister Sheridan. 'We want to continue the conversation around the best ways to reach a balanced budget. Are we allocating funding to programs and services in a...

Islanders voice opinions on land use

Sun, 12/22/2013 - 16:00
Almost 800 Islanders responded to an online survey conducted by the Task Force on Land Use Policy. 'We are extremely pleased with the response to the survey by so many people who have an interest in the future of land use in Prince Edward Island,' said Task Force Chair John Handrahan. 'The input we received will help us better understand public opinion on land use issues as we complete our report and its recommendations.' The top areas of concern...

Government to act on recommendations of Lands Protection Act Commissioner

Wed, 11/27/2013 - 16:00
Government has carefully considered the report of the Lands Protection Act Commissioner, Horace Carver, and will adopt its major recommendations in the coming months, says Premier Robert Ghiz. 'I asked Commissioner Carver to ensure the Act still met today's needs,' said Premier Ghiz. 'Over several months, he reviewed the legislation and held public meetings right across the Island to ensure everyone had a chance to be heard. His report is well done...

2014-2015 Capital Budget will invest $73 million in projects across the Island

Tue, 11/26/2013 - 16:00
The 2014-2015 Capital Budget will invest over $73 million in infrastructure projects across the Province, says Finance, Energy and Municipal Affairs Minister Wes Sheridan.'Our stimulus budgets kept Islanders working, and the economy moving ahead, during the global economic downturn,' said Minister Sheridan. 'Now that spending is back to traditional levels it is important to preserve, and build upon, all we were able to accomplish during those years...

Improved outlook for the Province's finances

Wed, 11/20/2013 - 16:00
The Island's fiscal outlook has improved, with bright spots in employment growth and the primary industries, said Finance, Energy and Municipal Affairs Minister Wes Sheridan. 'Our economy remains resilient following the global economic downturn,' said Minister Sheridan. 'We are on the right track to reach a balanced budget.'The 2013/14 deficit is now expected to come in at $57.7 million, which is a $1.2 million improvement over the budgeted deficit...

Task Force invites discussion at open house

Sun, 11/17/2013 - 16:00
The Task Force on Land Use Policy is holding an open house at the Emerald Community Centre on Saturday, November 23, to provide a further opportunity for those with an interest in the future of land use to share their ideas. The open house will be held from 9 to 10 a.m., followed by a presentation and discussion from 10 a.m. until noon. 'The future of land use in Prince Edward Island is an issue that affects all Islanders,' said John Handrahan, chair...

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