Budget Makes Life Better for Colchester Families

first_imgSupport for important local infrastructure projects, changes to student assistance to make attending the Nova Scotia Agricultural College more affordable, and help for local farmers are some of the highlights for Colchester County in the provincial budget today, April 5th. “This budget invests in health care, growing the economy, helping people make ends meet, all while ensuring government lives within its means,” said Graham Steele, Minister of Finance. “We still have a difficult financial situation to address, but this budget shows that we are on target to balance in 2013, as promised.” Highlights for Colchester County in today’s budget include: investing $42.5 million to help make post-secondary education more affordable opening at least four new Collaborative Emergency Centres this year providing tax breaks, such as an increase in the basic personal amount by $250 reducing departmental spending by $170 million investing $28 million to improve business productivity providing $7.9 million to low-income families to help make ends meet. changes to student assistance that will make attending Nova Scotia Agricultural College, and Nova Scotia universities, more affordable for families continued support for building the $184.6-million Colchester East Hants Health Centre in Truro funding for an MRI at the new health centre continued and stable funding support for Colchester-East Hants Regional Library helping Colchester County entrepreneurs by reducing the small business tax to four per cent from 4.5 per cent, the second consecutive year it has declined an enhanced soil amendment program for local farmers implementing the Homegrown Success agricultural plan funding improvements at the Atlantic Centre for Agricultural Innovation Building and the Nova Scotia Agricultural College Poultry Facilities repaving sections of Highway 101 and 102, replacing Shubenacadie River Bridge and other road upgrade and paving projects; and funding to build the new Bible Hill Elementary School and improvements to Ecole Acadienne de Truro and other area schools. For more information on the 2011-12 provincial budget, visit www.gov.ns.ca Total revenues for 2011-12, including net income from government business enterprises, are estimated at $8.5 billion, a decrease of $133 million over the 2010-11 estimates. The 2011 budget projects a deficit of $389.6 million. This is in line with the $370-million deficit anticipated in the province’s four-year fiscal plan. Total expenses for fiscal 2011-12 are budgeted at $9.3 billion, up $323.0 million from 2010-11, entirely because of reinstating university funding. Today’s budget also includes: last_img read more

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