Dan Leger, former editor of Halifax’s Chronicle Herald, has broke the news on his personal blog that the Nova Scotia government is in the process of cutting stumpage fees on crown land by a proposed 30%.

This will work out to a cost to Nova Scotia taxpayers of about $2 million a year.

Leger said the document has gone to the appropriate ministers for approval, but it is considered a done deal.

This reduction is likely another move by Premier Darrell Dexter to salvage the province’s forest industry.

“It’s hard to say how much the Dexter government has committed to the paper industry rescue. But it’s at least $100 million and the number is climbing. Forestry might be too big too fail in Nova Scotia. Too many rural and small town jobs are on the line, along with the frail prosperity of two big parts of our small province. So while paper might be too big to fail, you have to wonder whether it’s too expensive to save.”
~Dan Leger

Source:
Forests: the Crown takes a haircut (Dan Leger)