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.