Steele on bracket creep
Mr. Speaker, in an ideal world indexing brackets to inflation is an ideal thing.. Everybody understands you don't get every single thing on your Christmas list, except the opposition.
Leo Glavine As a finance critic, Steele called bracket creep a stealth tax.
Steel It's something that's desirable to do but in the current economic climate it is not affordable yet.
Living within our means
Nova Scotia’s fiscal plan is on track.
Experience shows that across-the-board cuts—cuts that go too far, too fast—don’t work. Instead, a careful, deliberate effort to reduce government spending is the best course for Nova Scotia.
Government-wide spending reductions have resulted in savings of $170.0 million for the upcoming year, adding to the $54.3 million saved last year...
Government spending-restraint efforts have resulted in two successive years in which departmental spending has been lower than estimated.
In Budget 2011–2012, this government will
• Hold program expenses at 2010–2011 levels. Overall program expenses will be up$323 million from 2010–2011, entirely due to reinstatement of university funding.
• Pave more and pay less by operating chip seal and asphalt programs for road maintenance, which will result in more competition and better prices.
• Reduce debt servicing costs.
• Ensure government gets value for money by negotiating better terms in all contracts.
• Further streamline government activities to reduce costs and improve services.
• Expand the professional services policy, which to-date has achieved $7 million in savings.
• Expand the ban on March madness spending, and implement other expenditure controls, to all government agencies and boards.
• Implement a Change and Innovation fund to encourage efficiencies.
• Continue to review departmental programs for effectiveness and affordability.
Jamie Baillie When did the premier know he was going to have that surplus?
Jamie Baillie Obviously, it wasn't just yesterday.
Living within our means cont'd:
Over half of the province’s budget is spent by third parties, such as school boards, universities, district health authorities (DHAs), and municipalities. Government congratulates its partners for cooperating. Budget 2011–2012 will
• Provide DHAs and the IWK with the same level of funding they received last year.
• Reflect declining enrolments with a 1.67 per cent reduction in grants to school boards, while increasing the level of per-student funding.
• Reduce the grant to universities by four per cent, while ensuring tuition remains at or below the national average.
Government has also notified municipalities that, in 12 months, the province will discontinue absorbing funding under the Memorandum of Understanding.
Unbudgeted spending in the past two years is far lower than under previous governments. From 2003 to 2009, unbudgeted spending averaged $231 million per year.
Tight budget management by government and the elimination of March madness have contributed to this historic result.
Creating Good Jobs and Growing the Economy
Over the next three years, $3.5 million will be invested
to ensure more African Nova Scotians have the skills
they need to enter the labour market.
• A $2 million innovation and competitiveness fund
will increase productivity and help companies bring
new ideas to market.
• A $750,000 investment will create a new international
• An investment of $5 million in forestry will support a new
policy direction, which includes a 50 per cent reduction in
clear-cutting, to help ensure good jobs in a successful and
• More than $30 million in loans have been approved
under the Credit Union Loan Program to support ownership
and succession planning for small business.
• More than $1 million in new incentives will be offered
through the Equity Tax Credit.
• The small business tax rate will fall for the second year to
4.0 per cent, saving small businesses up to $4,000 annually.
Predicted spending by department
Communities, Culture and Heritage: $55,100,000
Community Services: $985,084,000
Economic and Rural Development and Tourism: $125,610,000
Lib. MLA Zach Churchill says the decision to cut ferry service from Yarmouth was political not economical.
Predicted spending by department
Fisheries and Aquaculture: $8,462,000
Health and Wellness: $3,768,259,000
Labour and Advanced Education and Universities: $730,003,000
Natural Resources: $92,845,000
Public Service: $178,938,000
Service Nova Scotia and Municipal Relations: $274,761,000
Transportation and Infrastructure Renewal: $420,362,000
HALIFAX - Nova Scotia's NDP government says today's budget will make post-secondary education more affordable.
The spending program sets aside $30 million for student bursaries.
The funding, which replaces an expired bursary trust, is expected to reduce tuition by more than $1200 for Nova Scotia students studying in the province.
The government also says it will also cap student debt at $28,560.
The initiative is being met with mixed reactions from student groups.
Mark Coffin, executive director of the Alliance of Nova Scotia Student Associations, says the cap is mostly good news.
But he says it would be nice for students to get help before they rack up debt.
Rebecca Rose, an organizer for the Canadian Federation of Students, says she's disappointed in the cap and would have been happier with a reduction in tuition fees.
She also says a $447 million surplus recorded for 2010-11 should be invested in post-secondary education.
Premier Darrell Dexter has said the money will be used to pay down the province's debt.
(The Canadian Press)