Provincial budget endorsed by MLA

Eric Foster says the budget sticks to election promises made by Liberals

Eric Foster

Eric Foster

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.