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Showing posts with the label provincial budget 2013

Assessing the Impact of the Provincial Budget

I have had a day to digest the potential impact of the of the Provincial Government's budget cuts on the town of Clarenville.  As I noted in last week's blogpost on this same subject , we have good reason to be concerned.     As a service centre for the region, Clarenville has a high proportion of jobs that are filled by professional people in various government departments & agencies - most notably in health and education.  In fact,  one in four jobs in this town are government type jobs.    Based on the information/calculations below, I estimate that the 2013 budget could potentially lead to the elimination of between  45-54  jobs in Clarenville this year - most of which are occuppied by well educated, younger individuals with families who are making over $50,000 annually.     No doubt, the Hebron ramp-up will cushion the effect of these potential government layoffs on the community and on local businesses, however if our experience from Hibernia is any indic