By Christine Rumleskie
MLA Pat Pimm says the 2010 Provincial Budget is on the right track to getting B.C. out of debt.
Pimm spoke about the budget’s impact on the Northeast on Wednesday’s Issues and Answers.
He touched on a new incentive for homeowners that would allow property tax payments to be deferred, as long as there’s 15 per cent equity in the home, and children under 18 years of age live in the residence.
Pimm says that kind of incentive isn’t to be abused, because those taxes will eventually have to be paid.
Meanwhile, the budget includes $300 million in cuts to ministries across the province, one of which being a $176 million slash to the Ministry of Forests.
The cut includes the re-allocation of the fire fighting budget, and the actual reduction would be by $32 million this year.
Pimm says that’s the result of the ailing economy, and all ministries will have to adjust to the change.
But, he says there’s some good news for the North. Increases to the homeowners grant have been established to help homeowners pay down property taxes.
The controversial Harmonized Sales Tax is also included in the budget, and Pimm insists the blended tax will be a benefit to the Northeast.
The deficit projection remains at $2.8 billion, and Pimm says that is right on target for getting the Province back on track by 2013/2014.