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New Brunswick is cancelling a revenue-sharing agreement with First Nations

Author

Compiled by Debora Steel

Volume

32

Issue

6

Year

2014

New Brunswick is cancelling a revenue-sharing agreement with First Nations saying it distributes government resources unevenly. The agreement deals with tax and gaming revenues. A new formula the province plans to present will re-distribute the wealth. Chief Joe Sacobie of Oromocto First Nation says his community will lose if the agreement is cancelled, reports CBC News. Oromocoto, as well as other nations, received 90 days’ notice that the deal would terminate in November, but the impacts would be gradual over the next five years.