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Provincial budget endorsed by MLA

Eric Foster, Vernon-Monashee MLA, supports the provincial budget tabled Tuesday. - Photo submitted
Eric Foster, Vernon-Monashee MLA, supports the provincial budget tabled Tuesday.
— image credit: Photo submitted

B.C.'s latest financial plan is garnering support locally.

Eric Foster, Vernon-Monashee MLA, says he is pleased with the budget presented by Finance Minister Michael de Jong Tuesday.

"There are no big surprises." said Foster.

"It's a budget brought in after an election that has what was said during the election."

As part of the budget, the government is increasing the threshold for the first-time homebuyers program to $475,000 from $425,000, an exemption that can save the purchaser up to $7,500 when buying their first home.

"In our area, that will make a difference," said Foster.

Lighting up a cigarette will cost more.

Taxes on tobacco will increase by 32 cents per pack, or $3.20 a carton, effective April 1. This increase is expected to generate an additional $50 million in annual revenue over the course of the fiscal plan.

Look for more in Friday's Morning Star.

 

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