The RM of Hart Butte and Coronach recently signed a revenue sharing agreement, as both communities are part of the South Saskatchewan Regional Economic Partnership.
The South Saskatchewan Regional Economic Partnership (SSREP), previously the Deep South Economic Partnership, was formed as a result of coal transition and to mitigate negative economic effects through better positioning of member communities to attract new businesses and investment through the development of actionable strategic plans, and promotion of communities.
Over the past few months, the Managing Director of the SSREP has been working with the communities of the R.M of Hart Butte, No. 11 and Coronach to develop a revenue sharing agreement that will allow both communities to share in property tax revenues generated from potential investments from the SSREP and other levels of government. Revenue sharing will allow both communities to experience a level of sustainability through cooperation.
Reeve Craig Eger said, “The RM of Hart Butte and the Town of Coronach have traditionally shared in the benefits of cooperation such as access to services and recreation facilities. This is one more example of excellent cooperation between our two communities for the betterment of all.”
The agreement will allow for a property tax revenue split over a specific period of time on developments that both communities work to attract together.
Sean Wallace, the Managing Director of the SSREP said, “Summing up why cooperation is so important in the region due to coal transition: if you want to go fast, go alone, if you want to go far, go together.”
Mayor Cal Martin agreed, “Cooperation in the region is so important for sustainable communities. In the case of our Town and the RM of Hart Butte, we have been working together for decades because we share many of the same economic, cultural, and social interests. I think the Reeve and I agree we are stronger together when we develop economic initiatives together.”