More revenues in #NWT #Heritage Fund #YZF  & #FtSmith #NWTpoli #Devolution | NWT News | Scoop.it

"... Echoing calls from Fort Smith earlier last month, Yellowknifers made a hardline push for at least half of resource revenues garnered through devolution to be put into the Heritage Fund for safekeeping for future generations at last week’s public meeting. ... 

Though Miltenberger’s plan is to put 5 per cent of that $42 million into the NWT’s new Heritage Fund, saving the rest for infrastructure and debt repayment, residents attending the meeting in Yellowknife requested anywhere between half and 100 per cent of the revenues from non-renewables to be put aside for future generations who won’t be able to benefit from those resources.

Yellowknife’s Frame Lake MLA Wendy Bisaro was one of them. Though she agreed with Miltenberger’s intent to ensure no resource revenues are allocated for programs and services – for which the government already invests $1.4 billion annually – she said a 5 per cent investment for the future was disappointing.

“In my view, we should be placing a minimum of 25 per cent of our anticipated resource revenues into the Heritage Fund, and it should be so stated in legislation, not in regulations which are easily changed by government without any discussion with, or input from, the public,” she said in legislature last week...."