Houston unbalanced the books with unwise tax and toll rollbacks, then used massive deficit to rationalize slashing crucial programs and public services
Just the three big revenue streams that Houston cancelled — $272.4 million for HST (that benefits those with the money to allow them to be big spenders), $160 million for income tax bracket changes, $40 million for bridge tolls (that primarily benefit people in HRM but have to be made up for by everyone in the province) — add up to $472.4 million.
The cuts save the provincial government just $304.9 million.
With the tolls now gone, the province is budgeting $120.1 million for Halifax Harbour Bridges.
No matter how you slice and dice it all, the fact is that Houston-the-professional-accountant seems to have badly messed up the province’s accounts.
https://www.halifaxexaminer.ca/commentary/houston-unbalanced-the-books-with-unwise-tax-and-toll-rollbacks-then-used-massive-deficit-to-rationalize-slashing-crucial-programs-and-public-services/Open linkView original on lemmy.ca29
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