The new budget lays the foundation for a shift in priorities from the Manitoba government.
Personal income tax brackets will rise each year along with the rate of inflation. It matches what most other provinces do ending bracket creep.
Finance Minister Cameron Friesen covers the revenue lost in adjusting tax brackets by reducing assistance to seniors for their education taxes on property.
The rebate will be reduced for seniors with a family income of more than $40,000, and cut entirely for those earning more than $63,500.
The budget also holds the line on spending at three percent increases with the aim of balancing the budget within eight years.
Here’s an assessment and analysis with University of Manitoba professor Michael Benarroch. He’s Dean of the Asper School of Business.