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Thursday, March 29, 2012

Premier Says Province Has Plans To Raise Revenues

Premier David Alward says the province does have plans to raise revenues despite criticisms that the budget was mostly focused on government cuts.

Alward tells CHSJ News a few methods were identified during this speech -- such as raising the property transaction tax and bringing in a 100-million dollars through non-renewable resource royalties.

He says taxes will also be going up for the largest financial institutions which will bring in 5-million dollars but will keep us competitive with the rest of the country.

Alward says he will be making a innovation strategy announcement in the coming days that will generate 2 million dollars for the province.