07 July 2008

Nothing says "election" like politicians and public cash, the Nova Scotia version

Nova Scotia's offshore arrangement with Ottawa is a wee bit different in places than the one signed by Brian Mulroney and Brian Peckford for Newfoundland and Labrador.

Last week, an expert panel handed both the federal and Nova Scotia governments a report on how to handle something called "Crown shares".  Nova Scotia is owed cash, it seems dating back to the mid 1980s.

Apparently, the amount the federales are about to cough up is $850 million

That's a nice compromise between the $200 million suggested by Ottawa and the $1.8 billion the Nova Scotians were seeking.