Manitoba budget falls short on long term plan for keeping talent
Orisko notes that phasing out payroll tax helps but Manitoba trails Ontario and Alberta in competitiveness. He warns without a friendlier tax system, people will leave for higher wages and living standards. The NDP budget is politically safe with small tax cuts but lacks substantive growth strategy.
MENTIONED IN THIS ARTICLE
Orishko
Manitoba
Ontario
Alberta
Orisko
NDP
Budget Highlights Outline Tax and Spending Shifts
The budget introduces a new 11 to 17.5 percent flat tax depending on income starting next year. About 15,000 low income earners under $8,000 will be exempt from wax. Projects report a $10 million surplus on a $6.5 billion spend. Health care rises by $135 million. Cigarette taxes rise by half a cent to 15 cents per pack, adding $14 million this year. Property tax credits increase by $75 this year and next. A $5.9 million education bursary program starts. University and college operating grants rise $8.8 million while students receive a 10 percent tuition rebate. An additional $5.1 million to double college enrollment over four years. A 1 percent drop in small business tax to seven percent, with a further adjustment planned.
Rainy fund leaks shows Manitoba cushion shrinking
Since 1989 Manitoba's Fiscal Stabilization Fund grew from 30 million to 577 million in 1997 aided by MTS sale and surplus deposits. Economists warn the fund will be substantially depleted by year end with 320 million drained since 1997 and a further 90 million to be used, leaving about 168 million.
MENTIONED IN THIS ARTICLE
Manitoba
MTS
Rebate Push Hopes to Spark Saskatchewan Ethanol Boom
Wildeman argues a permanent tax rebate can revive domestic ethanol demand to 1990s levels and spur new plants in Saskatchewan. He cites past provincial subsidies, the 1995 NDP shutdown, and compares Manitoba’s lack of rebates to the current Mohawk Oil market. A broader program could attract big buyers and revive investment, with price adjustments expected within weeks.
MENTIONED IN THIS ARTICLE
NDP
Manitoba
Zalls
Wildeman
Saskatchewan
Federated Co-operatives
Mohawk Oil
Government spending warns of surplus depletion
Economists warn that if government spending continues at the current rate the budget surplus will dry up by the next budget year. When that time comes governments will have to raise taxes or cut program spending if revenues fall short.
Saskatchewan Voters Reject Forced Municipal Amalgamation
In Saskatchewan referendums across 145 communities drew over 20,000 participants with 98 percent opposing forced amalgamation. Churchbridge was the sole locality to vote no. SARM and the province met for a municipal renewal discussion afterward.
MENTIONED IN THIS ARTICLE
Terrie Welwood
Saskatchewan
Roy Romanow
Churchbridge
Saskatchewan Association of Rural Municipalities
SARM
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