Provincial Budget To Be Delivered This Afternoon
By 250 News
Tuesday, March 02, 2010 04:00 AM
Prince George, B.C.- The Provincial Government will deliver it’s new budget this afternoon, and there is little optimism about what Finance Minister Colin Hansen will present.
Despite the Olympics, the economy remains tights, and there will likely be more belt tightening.
We can expect to hear some funding details for the Wood Innovation Centre for Prince George. That project has already been promised three times, and the time has come for financial details.
There is a glimmer of hope the School Districts may get some help in their funding troubles. School District 57 has been examining its options and may have to close nearly a dozen schools to come up with more than $7 million dollars worth of savings.
During the speech from the throne, there was reference made to several items, including:
* The new film tax credit program will make B.C. more attractive as a world presence in digital media and film.
* New investment partnerships in infrastructure that encourage and enable clean modes of transportation, such as electric vehicles, hydrogen-powered vehicles and vehicles powered by compressed natural gas and liquid natural gas, will be pursued.
* New conservation measures, smart meters and in-home displays will help maximize energy savings for people. New smart-grid investments and net metering will provide more choices and opportunities to reduce everyone's energy costs, reduce energy waste and encourage more productive electricity use.
* New transmission investments will open up the Highway 37 corridor to new mines and clean power.
* A new Family with Children Property Tax Deferral Option will be provided to all B.C. families with children under the age of 18. Those families will be given the right to defer their property taxes
under a new property tax deferral program similar to the one already available to seniors and those facing financial hardship.
* Government will work with municipalities to dramatically reduce housing costs for young families and to provide increased opportunity for homes they can afford in existing neighbourhoods.
* A new $180-million integrated case management information technology system will deliver better front-line services and supports to women, children, income assistance recipients and those most vulnerable.
* A new Extended Family Program will modernize and improve upon the Child in the Home of a Relative program, to provide increased assistance, broader supports and new safeguards for children.
The budget will be delivered at approximately 2:45 this afternoon. Opinion250 will provide details as soon as they are available.
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If not, this is just a revenue ploy by the government. They get the homeowners grant plus interest.... May not be a wise choice for citizens.