New
Brunswick Finance Minister Ernie Steeves says the province's economy
has made a quicker than expected recovery from the COVID-19 pandemic. (Jacques Poitras/CBC)
A major income tax windfall is continuing to drive New Brunswick's budget surplus to ever higher levels.
The
provincial government is now projecting that the surplus will reach
$862.2 million this year — a record — and more than 24 times the
original budget projection last March.
"Our economy has recovered
much faster [from COVID-19] than expected and population growth has set
new records," Finance Minister Ernie Steeves said in his third-quarter
fiscal update.
"These factors have contributed significantly to the improved results for our tax revenues."
Steeves
also announced the creation of a new "New Brunswick Advantage Savings
Fund" that will see the province deposit $300 million of the surplus
into an account.
Interest generated from that account will be spent on programs, though Steeves had no specifics Wednesday on what that will be.
According
to the update, revenues are now projected to be more than $1 billion
higher than what Steeves set out in his 2022-23 budget last March.
Revenues are now projected to be more than $1 billion higher than what Steeves set out in his 2022-23 budget last March.
That
includes $468.2 million more in corporate income tax than originally
expected and $423 million more in personal income taxes than what
Steeves projected.
What the government is spending on health care this year has barely changed, however, since the last budget update in November.
The record surplus will reduce the province's accumulated debt by $749.5 million, bringing it down to $11.6 billion.
The province recorded a surplus of $777.3 million last year, in 2021-22.
Jacques
Poitras has been CBC's provincial affairs reporter in New Brunswick
since 2000. He grew up in Moncton and covered Parliament in Ottawa for
the New Brunswick Telegraph-Journal. He has reported on every New
Brunswick election since 1995 and won awards from the Radio Television
Digital News Association, the National Newspaper Awards and Amnesty
International. He is also the author of five non-fiction books about New
Brunswick politics and history.
Methinks everybody enjoyed the circus today N'esy Pas?
In the midnight hour 253 Comments Had Not Been Deleted Yet
David Amos
Welcome to the circus
Klaus Santa
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Reply to David Amos
The circus is supposed to be fun. This must be a Stephen King circus?
David Amos
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Reply to Klaus Santa
So you say Yo Ye without the sand to have a real name as per the rules of this forum
Methinks Higgy et know why I am having fun N'esy Pas?
Klaus Santa
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Reply to David Amos
Dude you complain on here daily that powerful
people are out to get you and then you obsess about my name. Maybe you
should use some logic and be a little more private and you won’t have so
many people after you with personal vendettas as you seem to think.
David Amos
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Reply to Klaus Santa
Methinks you have no clue as to who I am N'esy Pas?
David Amos
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Reply to Klaus Santa
Your total tally of comments right now is 18
I doubt that you will get to your favourite number
before you go up the chimney as smoke just like the spirit of good will
you pretend to be
Greg Miller
Well it looks like 2 million dollars of this
windfall will be paid out to Dr. John Dornan for unjust firing in a
lawsuit settlement. Way to go Mr. Higgs and company!
Robert Losier
Reply to Greg Miller
And notice that he mentioned that he attends to
his Doctoring Duties one half day per week. Another case of not
surrendering a number thusly stopping a full time Doctor from
practicing.
David Amos
Reply to Robert Losier
Methinks you fail to understand that this is a
circus.The overpaid unaccountable clowns simply don't care what the
sheople think because they make the laws and appoint the judges and the
prosecutors. If perchance they do get caught with their pants down the
taxpayer pays for their and they retire with a fat pension to enjoy
N'esy Pas?
David Amos
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Reply to Greg Miller
Trust that the Fat Lady ain't sung about that matter just yet
David Amos
Reply to Greg Miller
Methinks that may be appealed N'esy Pas?
David Amos
Reply to David Amos
Lawyers can smell money through brick walls at 500 paces no doubt they are lining up and begging for the job
Samuel Champlain
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Are the Higgs haters finally realizing how
ridiculous they sound complaining about a surplus and how it will end up
saving us millions down the road and helping future generations.
Probably not.
David Amos
Reply to Samuel Champlain
Dream on
Lou Bell
What's hilarious is Liberals complained Higgs
left millions on the table for things we didn't need like for new buses
and what not , then complain that he took all he could get outta the
incompetent Feds in the next sentence ! Talk about not knowing when
they're coming or going !
David Amos
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Reply to Lou Bell
Cry me a river
Sam Smithers
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The day the Higgs haters start agreeing with what Higgs is doing financially will be the day he starts failing NBers.
Michael Cain
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Reply to Sam Smithers
Only a Higgs bootlicker would spew such nonsense.
David Amos
Reply to Michael Cain
Methinks you should ask you favourite
politician why Higgy finally coughed up a Health Care Card for me just
before the last Yuletide Season Trust that it was not a gesture of good
will and my many comments over the years and all the ones against me
affirm that to be a fact N'esy Pas?
David Amos
Reply to Sam Smithers
Methinks its High Time the "Deacon of Death" Wannabe gets the Long Kiss Goodnight N'esy Pas?
David Amos
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Reply to David Amos
Methinks its High Time the "Deacon of Death" Wannabe gets the Long Kiss Goodnight N'esy Pas?
Deacon of Death
by Fred Rosen
Published by Open Road Media
By day, Sam Smithers was the deacon of his Baptist
church in Plant City, Florida, a respected neighbor to many, and a
devoted husband and father. But after the sun set, he became something
else: a violent attacker—and killer—of prostitutes.
Lou Bell
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Reply to Michael Cain
Meanwhile , you and your bud Justin will have lotsa " spoonin' " time in a short while . Even his caucus is bailing on him !
Robert Losier
Reply to Lou Bell
What? Say it isn't so. What will Canadians do without PM Trudeau having our backs.
Lou Bell
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Reply to Lou Bell
" Drama 101 , and Mikey's the 1st to sign up !
Alison Jackson
Reply to Sam Smithers
27 comments and only 17 likes. Looks like your opinions resonate with the population Ringo. Good job!
David Amos
Reply toAlison Jackson
Surely you jest
David Amos
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Reply to Lou Bell
Methinks many folks should agree that as
Higgy's favourite Drama Queen you take the cake and their butter tarts
in that regard N'esy Pas?
David Amos
Reply to David Amos
Methinks its interesting that little Lou can say anything to me but I am not permitted to respond N'esy Pas?
David Amos
Reply to David Amos
Methinks it interesting that Michael Cain is blocked and the Deacon Of Death Wannabe go goes on and on N'esy Pas
Rhys Philbin
Tax payers being gouged.
There’s where your “ windfall” is coming from.
Jane MacMillan
Reply to Rhys Philbin
Yup!! Thank you 🙏.
Sam Smithers
Reply to Rhys Philbin
How so, taxes have been lowered here in NB, outside of the carbon tax, but that is on Ottawa.
Rosco holt
Reply to Sam Smithers
Where?
My taxes have gone up.
Michael Cain
Reply to Sam Smithers
No, Higgs has been collecting the carbon tax since 2020.
It was on him for putting it in general revenue. After getting scolded
by Ottawa for ripping us off, he is now using it for climate change
initiatives; at least he says he is. But you knew that.
David Amos
Reply to Rosco holt
Ditto
Karl Childers
Fiscal responsibility, NB on the right track. Something the libs and ndp cannot fathom.
Michael Cain
Reply to Karl Childers
Great, the Higgs government is sinking the ship. How many fathoms under are we now?
Sam Smithers
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Reply to Michael Cain
Sam Smithers
Reply to Karl Childers
Well said and very accurate, it burns Lib supporters when they read this because they know it is true.
Alison Jackson
Reply to Sam Smithers
Good Gravy, you're still commenting this?? Give
it a rest Ringo, you're going to have a hard time sleeping being so
excited over Trudeau so much. Tell us, when you close your eyes at night
does he appear like a magical incarnation summoned from the depth of
your being? Do you see him in your coffee, maybe you catch yourself
thinking about him as you stare off into space at work. Tell us do!
Sam Smithers
Reply to Alison Jackson
As usual you focus on PC supporters and what
they bring up yet completely ignore those bringing up HIggs all day, and
you wonder why all I do is laugh you off all the time.
Robert Losier
Reply to Sam Smithers
That's what I like to see here - a good time had by all.
David Amos
Reply to Robert Losier
Me too
Jake Newman
either pay down the debt or provide tax cuts to middle class earners. or maybe even reduce the GST.
Robert Losier
Reply to Jake Newman
The PM has decimated the middle class.
David Amos
Reply to Robert Losier
Yup
Matt Steele
Great news as Premier Higgs's management skills
are really shining through ; although with a 12 BILLION dollar
provincial debt , and paying nearly 2 million per day just in interest ;
.N.B. still has a tough financial road ahead .
Jane MacMillan
Reply to Matt Steele
It’s the top down. A rich kid with Dad’s credit card
never learned restraint obviously. Thanks to making Mary Jane legal (and
I don’t care about that either way), got elected. It’s been a spending
spree ever since on the backs of hard working Canadians. Higgs isn’t
perfect but, he isn’t responsible for the spending spree of another.
He’s held the purse strings and maybe that’s a good thing as long as it
isn’t all a trust fund for JD’s great grandchildren.
Time for a change in Ottawa. Let’s start there.
Now now you know that there will not be any change in Ottawa until the ND Leader files for divorce from The PM.
Robert Losier
Reply to Jane MacMillan
Now now you know that there will not be any change in Ottawa until the ND Leader files for divorce from The PM.
David Amos
Reply to Robert Losier
C'est Vrai
Sam Smithers
Based on what I read from many below they would not be able to financially manage a gumball machine.
David Amos
Reply to Sam Smithers
So you say
Rob Sense
People may think this is great but they are
missing the point. How incompetent to underestimate the budget 5 years
in a row and now we have a $1Billion rounding error? Does anyone in
government know what budgeting means??
Sam Smithers
Reply to Rob Sense
Would you rather they underestimate or
overestimate. Read up on economics, anyone running any company will
tell you better to under promise and over deliver. If that is the best
complaint you have then you have it good compared to other provinces.
Malcolm Fillmore
Reply to Sam Smithers
Underestimate? 2400%? Incompetence.
Michael Cain
Reply to Sam Smithers
How can you plan for the future if you don't have accurate numbers? Pull your head out.
Sam Smithers
Reply to Michael Cain
Our gov't is always planning, which is why we
keep having surpluses, it appears another topic is way over you head.
Does JT plan at all when he spends beyond our country's means? I
suggest you get yours out, based on your posts today your mind has been
absent oxygen for days.
Michael Cain
Reply to Sam Smithers
Contradicting yourself now; talking out of the wrong end as usual.
Sam Smithers
Reply to Michael Cain
Maybe Higgs should take JT's advice and let the budget balance itself.
Michael Cain
Reply to Sam Smithers
Maybe you should be in bed, young fella, school tomorrow.
David Amos
Reply to Michael Cain
I concur
Jake Sully
Rene Legacy, the Liberal finance critic, says the government should be embarrassed by this surplus.
Frankly, I cannot believe a finance critic would make
such a stupid comment. Yeah, I get it, Legacy’s primary role is to
criticize everything this government does that is related to our
finances. A critic’s role is the easiest role to play for any
politician; however Legacy sure embarrassed himself with this dumb,
desperate comment. I wish there was an emoji for “shaking my head,
rolling my eyes”.
Rosco holt
Reply to Jake Sully
What I find stupid is Higgs and Steeve playing the violin while the province is burning.
David Amos
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Reply to Jake Sully
Legacy is one of my favourite clowns in this circus
Samuel Champlain
Oh no, not another evil surplus, can this gov't not start running huge deficits and expand the debt so those who do not understand finance can be happy again.
Klaus Santa
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Reply to Samuel Champlain
Maybe they should find some balance between crumbling roads and record surpluses?
Samuel Champlain
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Reply to Klaus Santa
Maybe you should stop posting since you make little to no sense.
Chuck Michaels
Reply to Samuel Champlain
The LiberalSANB party perhaps...?
Matt Fillmore
Reply to Klaus Santa
maybe you should wait til next month when they announce their capital budget which would cover money to fix and maintain the roads.
David Amos
Reply to Samuel Champlain
Who are you to make fun of Santa?
Klaus Santa
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NBers can’t get healthcare, roads are
crumbling, sales tax of 15% and these people are claiming victory for an
obscene surplus in times of hardship! What is wrong with them? Why
wouldn’t they lower sales tax, gas tax, fix the roads, not sell out
NBers to Ottawa and their digital ID. Why does this government refuse to
give a break to NBers while the premier goes to Ontario political party
events and makes fun of NBers to crowds in Ontario. He makes me feel
ill!
Archie Levesque
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Reply to Klaus Santa
Not allowed to lower Gas taxes as per the Federal lIbs
David Amos
Content Deactivated
Reply to Klaus Santa
Methinks you should ask your favourite
politician why Higgy finally coughed up a Health Care Card for me just
before the last Yuletide Season Trust that it was not a gesture of good
will and my many comments over the years and all the ones against me
affirm that to be a fact N'esy Pas?
Klaus Santa
Content Deactivated
Reply to Archie Levesque
But Blaine Higgs goes along with all the
climate change stuff and is in favour of carbon taxes. He even said the
higher price reduced the use of fuel, which he thought was good. That
was his only argument for lowering the carbon tax, not a principled
stand against it, but that the increases prices of fuel had already seen
lower demand. Higgs is just another who sees hiking prices for
consumers as beneficial to the climate agenda.
Michael Cain
Reply to Archie Levesque
The province could drop theirs. But then, why would you encourage more pollution?
Klaus Santa
Content Deactivated
I guess when they refuse to fix roads and it
damages our cars it’s a win win for them because they figure we can pay
more taxes on parts and services when we get it fixed. Even more surplus
for them to not use to fix the roads and run services. Hey Blaine,
maybe you should bring in another 10,000 and collect extra taxes from
them, then not spend an extra penny on providing any more services so
that when they eventually use services, it puts even more pressure on
the system.
David Amos
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Reply to Klaus Santa
Deja Vu???
"To encourage thoughtful and respectful conversations,
first and last names will appear with each submission to
CBC/Radio-Canada's online communities (except in children and
youth-oriented communities). Pseudonyms will no longer be permitted."
Klaus Santa
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Reply to David Amos
I don’t care.
David Amos
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Reply to Klaus Santa
Try telling me something I don't know
David lutz
Glad to see this governments fiscal
responsibility. Pay down some of our dept, it will be better for all New
Brunswickers and future generations won't be saddled with our frivolous
spending. For those who say the money should go to health care, paying
staff more money so they can continue to work and get burnt out doesn't
fix it. The issue is there isn't enough staff to hire to fill
vacancies... it's not just healthcare realizing this.
Micheal Grey
Reply to David lutz
Why not use some of the money to create programs to encourage more people to enter the field?
David Amos
Reply to David lutz
Yea Right
Archara Goldehere
Reply to David lutz
It's like starving your children all the while
you have lot's of money in the bank -- Maybe SD should look into this
shameful behavior --
Samuel Champlain
Reply to David lutz
Easy to understand, but many on these boards can't seem to understand the simple facts you have presented.
Archie Levesque
Reply to Micheal Grey
The number of doctors they are allowed to train are limited each year by the Feds in Ottawa
Klaus Santa
Content Deactivated
Reply to Archie Levesque
True, but you won’t see Blaine speak out about that. No, Blaine wants to give more control over our healthcare to Ottawa.
claude bourgeois
The surplus is more than 24 times the original
budget projection last March. Great forecasting Mr. DJ ! Playing games
with projections is not winning you any votes. New Brunswickers are fed
up with this government.
Klaus Santa
Content Deactivated
Reply to claude bourgeois
It raises my blood pressure to even see Higgs on the evening news when
they show images without sound. And I voted for the man!
claude bourgeois
Reply to Klaus Santa
I only voted for him because my cousin ran and
won as a PC in my riding and is now in Cabinet. I would not have voted
PC otherwise that is for sure.
Klaus Santa
Content Deactivated Reply to claude bourgeois
Is your cousin doing anything to get him ousted as leader? Somebody in
that party needs to wake up lol
Samuel Champlain
Reply to claude bourgeois
The minister does not add up the numbers, people in the department do, and many things can change in a year.
Rosco holt
Reply to Samuel Champlain
It doesn't matter the minister is still incompetent.
David Amos
Reply to claude bourgeois
Who is your cousin?
Klaus Santa
Content Deactivated
If Higgs is so worried about the deficit then
why doesn’t he stop giving away billions in crown land royalties to
Irving and he can still pay down the debt and NBers won’t have to be put
in hospital closets and drive on crumbling roads?
Samuel Champlain
Content Deactivated
Reply to Klaus Santa
Those royalties were adjusted, pay attention.
And based on the fact lumber prices have crashed the money we would have
made over a very short time would not be there now even if they had not
been adjusted.
Klaus Santa
Content Deactivated
Reply to Samuel Champlain
A sensible politician would read the room and
see that NBers from all political persuasions have had just about enough
of this government. We are at breaking point and we are not feeling the
warm feeling that Higgs is when he looks at the books.
David Amos
Content Deactivated
Reply to Klaus Santa
Your tally stands at 32
Klaus Santa
Content Deactivated
Reply to Klaus Santa
Dream on! Lol
David Amos
Content Deactivated
Reply to Klaus Santa
Bingo your favourite number correct?
Klaus Santa
Content Deactivated
Reply to David Amos
I have zero idea what significance 32 is supposed to have
David Amos
Content Deactivated
Reply to Klaus Santa
Thats not the number and you know it
Klaus Santa
Content Deactivated
Reply to David Amos
I’m not into riddles , can you just say what you mean please.
Rosco holt
Reply to Samuel Champlain
Pay attention about the adjustments government
increased prices but lowered other sections of the formula giving us
negative royalties. We are paying.
David Amos
Content Deactivated
Reply to Klaus Santa
Go Figure
George Washington’s Inauguration as the 1st President of
the United States, Apr. 30, 1789,” by Ill. John D. Melius, 33° George
Washington was inaugurated as the first president of the United States
of America on April 30, 1789. He went to Federal Hall on Wall Street and
was joined by John Adams, his Vice President, Frederick A. C.
Muhlenberg, Speaker of the House of Representatives, Chancellor Robert
Livingston, the highest-ranking judicial officer of New York; and
Generals Frederick William von Steuben, “Light Horse Harry” Lee, Henry
Knox, and Arthur St. Clair (all Masons except for Adams). As the time
came for Washington to step out on the balcony and take his oath of
office before an estimated crowd of 10,000, it was realized that no one
had brought a Bible! Chancellor Livingston was also Grand Master of
Masons of New York and ordered Maj. Jacob Morton, parade Marshal, Grand
Secretary, and Master of St. John’s Lodge No. 1, to get the Bible from
St. John’s Lodge. The lodge met at the “Old Coffee House” at the corner
of Water and Wall Streets, about three blocks away. Morton returned with
the Bible, Chancellor Livingston administered the oath, and George
Washington added the words “So help me God!” and kissed the Bible when
he finished. Thus began the first term of the first President of the
United States. St. John’s Lodge carefully preserves the “Washington
Bible” and uses it at its meetings. The Grand Master of New York takes
his oath of office on the Bible as have presidents Warren G. Harding,
Dwight D. Eisenhower, James E. Carter, and George H. W. Bush. The Bible
was scheduled to be used for the inauguration of President George W.
Bush, but rain kept the fragile book inside. —From the January/February
2009 Scottish Rite Journal
David Amos
Content Deactivated
Reply to Klaus Santa
33° Is the highest honour conferred by the Supreme Council of the Scottish Rite Correct?
FYI My father was a Mason too as are most cops, lawyers, politicians and no doubt you are as well
Marguerite Deschamps
Reply to Klaus Santa
So, yougr father worked with concrete.
Brian Buchannon
Reply to Samuel Champlain
Id be interested to see the balance between
what the province has to pay to keep Irving here vs what the province
makes from them. All these sweetheart deals, subsidies, tax cuts,
offshore accounts to shelter from taxes, but tax payer money is given to
them hand over fist. Look at the stink theyre making over the power
rate increases, and we already pay more so their power is subsidized.
Klaus Santa
Content Deactivated
Reply to David Amos
Got ya! Now I understand what you meant. I’m
100% not a Freemason. There was a documentary about them by an
Australian guy that’s really good. I am very much against satanism.
David Amos
Reply to Marguerite Deschamps
Years ago I made you well aware that my Father was the
County Administrator of Westmorland County until your hero Little Louie
centralized the government in Fat Fred City. Then he became the
Supervisor of Taxation for the until the day he died. His boss was the
Minister of Finance. Higgy was good friends of my Mother's second
husband so he knows what I say is true.
Methinks Ernie should not deny that my Father is buried
amongst a herd of his relatives and ours in the Fair Haven Cemetery in
Moncton N'esy Pas?
David Amos
Content Deactivated
Reply to Klaus Santa
I haven't believed in Santa or anybody's God in over 60 years
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