Despite an election promise to keep Crown corporations public, Premier Brad Wall is laying the groundwork to sell them.
How do the Crowns help me?
Saskatchewan's publicly-owned Crown corporations were built over many generations by our parents, grandparents, and great grandparents. They are owned by the people of Saskatchewan with one goal: to benefit the people of this province today and for generations to come.
Sasktel, Saskatchewan Government Insurance (SGI), SaskEnergy, SaskPower, and Saskwater are just a few of the many Crown corporations that benefit people who live in Saskatchewan.
First and foremost, Saskatchewan's Crown corporations keep prices low for consumers. From your energy bill to your cell phone bill, we pay less in Saskatchewan because we have Crown corporations.
In the case of Sasktel, you benefit even if you're not a subscriber because other companies reduce their prices to compete with SaskTel.
The Crowns help fund our hospitals and schools and other public services. Selling off our Crown corporations might generate a one-time payout—but once it’s gone, it’s gone forever and Saskatchewan has lost a vital funding source.
Saskatchewan Crown corporations are local companies with local priorities. Their priorities are not dictated by some far away head office. This helps to make rural and Northern service a priority.
Our Crowns are a source of good jobs. The foundation of a solid economy is a stable middle-class, and Saskatchewan Crowns are the single largest source of good jobs in the province. Crown jobs across the province are important for consumer spending and supporting the tax base.
Bill 40 is Brad Wall’s path to selling off Crown Corporations
Premier Brad Wall has made official his intention to break an election promise about the privatization of key Crown corporations.
Tabled October 28, Bill 40 allows nearly half of Saskatchewan’s Crowns to be sold off.
“Bill 40 has one goal: to make it easier to sell off our crown corporations,” said Joie Warnock, Unifor Western Region Director. “Brad Wall does not have a mandate to privatize any fraction of crown corporations.”
The Sask Party has a long record of privatization, which includes Heritage Gas, Navigata, and DirectWest Canada. Over the last two terms, Brad Wall has also privatized portions of SaskTel via contracting out, including Operator Services, Max Television Service Installations, and Satellite High Speed Internet Service.
The share sell-off of the Manitoba Telephone Service (MTS) in the 1990s was a disaster for Manitobans. Compared to Saskatchewan, Manitobans pay higher phone bills today and the Manitoba government received less than 0.08% of the revenue that SaskTel generates for Saskatchewan over the last decade.