Economic and political issues in NS

[sdm]

Originally Posted by q12

Province says $223-million deficit now a $97-million surplus

By THE CANADIAN PRESS
Wed, Dec 22 - 1:41 PM

Nova Scotia's finance minister says the $223-million deficit projected last spring for the 2010-11 fiscal year is now a $97.2-million surplus.
Graham Steele attributes the variance to higher personal income tax revenue, new pension valuations, lower interest payments and lower departmental spending.

Steele says most of the improvements are due to one-time factors that will not carry over to next year.

He says the fiscal challenges facing the province remain immense.

The spring budget is still expected to show a $370-million deficit driven largely by the way the government has been funding education.

The prepayments given universities this year will not be reflected in the books until next year.

http://thechronicleherald.ca/Front/9019127.html


I guess the province is good now to fund our stadium and Convention Centre. I'd also like my HST back to 13%.

Something smells fishey here.