Return and Opposition Leader (1986–1991) Romanow ran to reclaim his seat from Zazelenchuk in the
1986 election, and he won with nearly 70% of the vote. The result led Blakeney, who had stayed on as Opposition leader after the loss in 1982, to resign as party leader. Romanow ran to succeed Blakeney, and with no challengers was acclaimed the new NDP leader—and leader of the Opposition—on November 7, 1987. It became clear during the PCs second term that the province's finances were in dire straits. The PCs ran a succession of large budget deficits, which peaked in 1986–87 at $1.2 billion, rapidly increasing the provincial debt. Devine used the fiscal situation as justification to pursue the privatization of a wide range of crown corporations—including
PotashCorp, one of the key achievements of the Blakeney era—which engendered fierce opposition from the NDP. The situation came to a head in 1989 when the government moved to privatize
SaskEnergy, the natural gas division of
SaskPower; in response, Romanow led a legislative walk-out of the Opposition, effectively bringing government business to a halt. After 17 days, the government relented and ended the sell-off of SaskEnergy. When legislation to privatize PotashCorp was introduced later in 1989, the NDP, buoyed by its success with SaskEnergy, remained in the Legislature, ready to debate the legislation; however, the PCs enacted
closure for the first time in provincial history to avoid debate on the issue and move forward with the legislation with no public scrutiny. The PCs were persistently criticized late in their term for undemocratic tactics including
prorogation of the Legislature and the dubious use of special warrants for spending. Devine's PCs, which were clearly deeply unpopular, put off the next election as long as legally possible.
Premier of Saskatchewan (1991–2001) When Romanow assumed office in 1991, the extent of the fiscal crisis facing the province began to become clearer. The provincial debt had reached nearly $15 billion under the Progressive Conservatives, and the province was facing the prospect of bankruptcy; interest payments on debt alone were accounting for more than 20% of government spending, second only to healthcare. Romanow had campaigned on getting the province's fiscal house back in order, and dealing with the fiscal crisis became his government's top priority. However, in their approach to dealing with the crisis, Romanow and finance minister
Janice MacKinnon practiced austerity, greatly reducing government spending by downsizing the government and cutting services. They cited pressure from bondholders and a lack of assistance from the federal government as factors that increased the pressure to drastically reduce spending. Some of the most controversial cuts including reforming provincial health care—replacing more than one hundred hospital boards with approximately thirty health regions, and ending acute-care in more than fifty rural hospitals—and ending the Gross Revenue Insurance Plan, which had directly supported crop farm incomes. Such cuts were seen as disproportionately targeting rural life in the province. Moreover, Romanow's governments adopted some of the same tactics the PCs had introduced to pass legislation, including closure when it came to their health care reforms. The cuts to programs and services in rural Saskatchewan were deeply unpopular and would prove costly to the NDP in those regions. After 1995, Romanow's government ran successive surpluses and paid the debt down to approximately $10 billion. However, the NDP's seemingly solid grip on government and the growing frustrations of rural regions provided an impetus for a reorganization of conservatives in the province. In 1997, working behind the scenes with members of the federal
Reform Party, four PC MLAs, including new leader
Bill Boyd, and four Liberal MLAs—all from rural ridings—walked away from their parties and established the
Saskatchewan Party. With eight MLAs, the new party immediately took over Opposition status. In 1998, it chose former Reform MP
Elwin Hermanson as its first leader. Romanow framed the new party as an effort to rebrand the moribund Progressive Conservatives and took to referring to them as the "Saskatories". The NDP were widely expected to secure another majority in the
1999 provincial election. The party was re-elected to a third consecutive term, but was in fact reduced to a
minority of seats in the legislature, forcing Romanow to negotiate a
coalition government with the Liberals, an agreement that resulted in appointing three Liberals to
Cabinet. This was the result of a strong performance by Hermanson's party—which actually edged the NDP in the popular vote—in rural areas; the Saskatchewan Party won 25 seats, but none in either Regina or Saskatoon. Hermanson capitalized on rural discontent with the NDP, characterizing spending cuts there as the NDP's "rural revenge", putting into stark relief the growing divide between urban and rural voters in the province. The announcement triggered a hotly contested leadership race with seven candidates—a far cry from Romanow's acclimation in 1987—with differing views for the future of the party. Anti-neoliberal candidate
Nettie Wiebe placed third in the 2001 leadership vote, while Romanow's attorney general
Chris Axworthy was defeated on the final ballot by former cabinet minister
Lorne Calvert, who was sworn in as premier on February 8, 2001. Calvert had campaigned on the party's traditional social democratic values and a commitment to increase social spending. After Romanow's resignation, Calvert also succeeded him as MLA for Saskatoon Riversdale, winning the by-election there on March 19, 2001. ==Life after politics==