Local MLA Pat Pimm says he is pleased with the provincial budget.
Federal Finance Minister announced today that the province will run a 2.8 billion dollar deficit. This will be the largest deficit in B.C’s history. The government estimated in February that the deficit would be 495 million dollars.
But, Pimm says there are many contributing factors that caused the added shortfall. [asset|aid=1816|format=mp3player|formatter=asset_bonus|title=cda44e9532ac636d3d2e7965f98a332a-Pimm 1_1_Pub.mp3]
He says the core services of health and education were spared from cuts. In fact, he says health funding will be raised 18 per cent by the 2011-2012 budget.
Now, Pimm says there was some good news for this region. The government announced it will provide an HST rebate on residential energy costs, which will match the current exemptions on the PST. [asset|aid=1817|format=mp3player|formatter=asset_bonus|title=cda44e9532ac636d3d2e7965f98a332a-Pimm 2_1_Pub.mp3]
Pimm says even though the deficit will go up in the next four years, it’s because of the good policies that are in place to maintain the province’s vital services.