NDP announces plan to pay down $1.1 billion on the debt

DIEPPE – NDP Leader Dominic Cardy says his party would convert 49% of NB Liquor’s future profits into an income trust which would produce up to $1.1 billion to be applied immediately to the provincial debt.

Cardy made the announcement with candidates and supporters in Dieppe.

“The new NDP is the only party with a clear plan that starts paying down the provincial debt,” Cardy said. “Decades of reckless Liberal and Tory mismanagement of the economy and your tax dollars has left us with an over $12 billion debt.”

“Brian Gallant has said he will borrow $900 million to buy temporary jobs and close to another billion to twin Route 11,” Cardy said. “New Brunswick cannot afford to borrow this money.”

“Converting 49% of NB Liquor’s future profits into an income trust will result in $1.1 billion that we will pay directly on the debt,” Cardy said. “We will sell trust units that will provide New Brunswickers with a safe investment opportunity. NB Liquor employees and New Brunswickers will have access to these units before we sell to them to the wider market.”

“Our plan keeps money in the province that will further spur economic growth, rather than selling bonds to big foreign financial investment firms.”

The New Brunswick Investment Management Corporation will be responsible for setting up and administering the income trust model. The numbers forecasted make this model revenue neutral year-to-year for NB Liquor profits remitted to the province.

“New Brunswick deserves better than the two old parties promising to buy jobs with pavement or shale gas,” Cardy said. “The new NDP is ready for the opportunity to serve. We have a plan to balance the books and to pay down the debt.”

“We’re ready because New Brunswick deserves better.”

NDP will introduce comprehensive pay equity legislation

MONCTON – NDP Leader Dominic Cardy announced that an NDP government would introduce the Pay Equity Act.

Cardy also said that the Liberal plan for pay equity is not good enough.

“Mr. Gallant has said that he would introduce pay equity measures on companies who employ over fifty workers and who do business with the government,” Cardy said. “This simply is not good enough. Pay equity is something we should strive for in all sectors of the economy.”

“A new NDP government would introduce legislation mandating all companies with ten or more employees to implement a pay equity plan within four years,” Cardy said. “We will go further and establish a Pay Equity Commission to monitor and enforce the legislation.”

The Pay Equity Act would have no financial consequences for the province. There is no estimate cost on the Commission because the full nature of the commitment cannot be determined at this time.

“Pay equity is a no-brainer.”

“New Brunswick’s women deserve better than the two old parties refusing to act on this issue. Equal pay for equal work needs to happen,” Cardy said. “Whether or not a company does business with the Government of New Brunswick is utterly irrelevant.”

“We’re ready because New Brunswick deserves better.”

NDP presents clear contrast to Liberal plan

Fredericton – NDP Leader Dominic Cardy said he expects the attacks on him and his party to continue this week from Brian Gallant.

“Mr. Gallant falsely criticized us last week on our platform,” Cardy said. “Our plan is clear and detailed and I invite anyone to read it.”

“Mr. Gallant has continuously criticized the Conservatives for their arbitrary, across-the-board cuts,” Cardy said. “But he is not offering any contrast in his own party’s plans. Instead, he has arbitrarily announced that he will find $250 million in cuts without identifying them.”

“The new NDP is ready to offer New Brunswickers a clear contrast to Mr. Gallant’s plan,” Cardy said. “We have identified over $250 million in government inefficiencies and we are ready to present them to New Brunswickers.”

“New Brunswick deserves better than the tax and spend approach of Mr. Gallant,” Cardy said. “New Brunswick deserves better than empty promises. We have a clear plan that lays out the things we think government should be spending money on and the things it shouldn’t.”

“We’re ready because New Brunswick deserves better.”


Description Savings (millions)
Department of Economic Development 73.53
Invest NB Programs (minus administration) 45.42
Department of Economic Development Loans and Advance Programs 65.00
Reduction in size of cabinet 14.42
Government offices for MLAs 1.96
Leasing and Maintaining Department of Transportation buildings 44.72
Aboriginal Affairs Secretariat 1.05
Government Services Marketing/Web Design 0.92
Office of Human Resources 2.63
PETL – University Relations/Transformation 5.77
50% cut in Committee Allowances 4.05
Efficiency NB Administration 0.65
Non-environmental functions of fisheries offices 6.23
Department of Wellness and Healthy Communities Advertising budget 5.24
Support for Department of Local Government Action Plan 1.00
TOTAL 272.59

NDP promises to reverse the doubling of the seniors’ drug co-pay

Fredericton – NDP Leader Dominic Cardy announced this morning that an NDP government will reverse the doubling of the seniors’ prescription drug co-pay.

Cardy made the announcement in front of the Neville Manor with Fredericton North NDP candidate Brian Duplessis, who said the doubling of the co-pay was one of the reasons he decided to run for the NDP.

“This issue was a deal breaker for me,” Duplessis said. “We should not be forcing our seniors to pay money they can’t afford. They should not be on the hook for years of Liberal and Tory economic mismanagement.”

“Doubling the co-pay has hurt seniors on fixed and low incomes,” Duplessis said. “Many of them can’t afford it. As a result, in addition to this direct hardship, we are dealing with the hidden costs that come from more doctor visits, more ambulance use and longer hospital stays.”

“In 2012 the government doubled the amount seniors pay for their medication each year. A new NDP government will reverse that decision,” Cardy said.

This commitment will cost the province $3 million per year.

NDP pledges respect for civil servants

Fredericton – NDP Leader Dominic Cardy has promised that his party would put respect for New Brunswick’s civil servants as a top priority if elected later this month.

Cardy made the announcement in front of the Legislature.

“Our civil servants are going to be an integral part of getting New Brunswick back on track,” Cardy said. “The new NDP is ready to work with the civil service to face and overcome our challenges as a province.”

As a pledge of his party’s support and respect for the civil service, Cardy said his party will:

  • Introduce whistleblower legislation for civil servants. This commitment will have no financial consequences on the province;
  • Eliminate the ability of MLAs to hire or be involved in the hiring or firing of civil servants and make it against the law for MLAs to interfere in allocating or managing contracts. This commitment will have no financial consequences for the province; and
  • Stop the Liberal and Conservative practise of moving government offices out of opposition-held constituencies and into government held-constituencies. This commitment will provide savings for the province which cannot be determined at this time.

“When government is transparent and accountable we shouldn’t need things such as whistleblower legislation,” Cardy said. “Unfortunately in New Brunswick, this has not been the case.”

“Our civil servants deserve better than the Liberals and Tories using them as pawns in their old-style political games,” Cardy said. “The new NDP is ready to provide our civil servants with respect they deserve. We’re ready to work with civil servants to overcome our challenges. We’re ready.”

“Because New Brunswick deserves better.”

Page 20« First...10...1819202122...30...Last »