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Newspaper
Pas Herald
Location
The Pas, Manitoba, Canada
Date
May 02, 1962
Page
2
Manitoba premiers unveil a 1962 63 budget predicting 121 52 million in revenue and a 256 104 thousand dollar surplus after current expenditures. Tax cuts include personal income and corporation taxes plus hospital service and amusement taxes, funded by a 7 6 million current revenue surplus and other gains from tax agreements and liquor profits.
Premier Roblin unveils a budget with higher revenues from gas tax motive fuel and land titles while foreseeing a new Ottawa agreement that boosts Manitoba revenue to 43.4 million. He cautions taxes fund services and stresses incentives to stimulate business growth amid improving economic activity. Utilities note hydro adds 7,600 customers and low electricity rates. net debt stands at 154.11 million with debt costs at 3.6 percent of current revenue.
The province plans 77 million in operating and capital funds this year for education health and welfare. Education gets 38 million, a third of revenues, with school grants up 2.3 million and university grants up over 400 thousand. Vocational education rises four million to six million, much recoverable federally. A five million Manitoba Institute of Technology will finish next March. Since 1958 school grants almost double university grants more than double and vocational expenditures over six times to meet a specialized economy. Health spending includes 20.4 million for hospitals medical and nursing training health units and care. 25 direct items approved to supplement ongoing needs.
Canadian Mental Health Association urges support for mental illness awareness including childhood schizophrenia. The appeal stresses that mental disorders affect all ages from 3 to 30 and calls for specialized treatment centers and more research, funds, and local branch involvement.
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