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Highlights of Saskatchewan provincial budget include $64.8 million surplus, increased tobacco tax

March 20, 20132:30 PM BOE Report Staff

CP

 

REGINA – Highlights of the Saskatchewan budget tabled Wednesday:

  • A balanced budget with $11.61 billion in revenue and $11.54 billion in spending, leaving a surplus of $64.8 million.
  • Overall budget spending increased by 3.1 per cent.
  • Tobacco tax increase of four cents per cigarette to 25 cents a cigarette to bring in $47.5 million.
  • An increase of about three per cent on alcohol to collect an additional $10 million.
  • Universities and regional colleges get a 2.1 per cent operating increase.
  • Plans to update uranium royalties to encourage investment.
  • Promised cut in corporate income tax rate to 10 per cent from 12 per cent by 2015 deferred.
  • $1.5-million increase for 300 additional apprenticeship training spots.
  • $29 million to ease health-care pressures from population growth.
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