Manitoba government projected budget deficit for 09/10

According to a Toronto economist, “A looming provincial budget deficit of about $600 million is more a symptom of a global recession than a government that can’t control its spending.”
Issued on their second quarter financial report Manitoba has projected a $592-million budget deficit for the year 2009/10. It’s a $640-million negative adjustment to the $48-million summary surplus the province projected in the March budget.
Warren Lovely, a CIBC senior economist said that the Manitoba’s shortfall is connected to the recession that occurred in United States. The weaker industrial demand for electricity from Manitoba Hydro was also pinpointed, as this year’s profit of $120 million is $145 million less than budgeted. Aside from this, Finance Minister Rosann Wowchuck has noted spring flooding and the campaign against the H1N1 flu as contributing factors for the economy’s condition.
However, the Manitoban government is still on track to an average pf $221-million surplus for the four year period ending 2009-10, sticking to its commitment of a Balanced Budget, Fiscal Management and Taxpayer Accountability Act. The act states that budgeting is done over a four-year period and allows deficit to be posted in one of those years.

According to a Toronto economist, “A looming provincial budget deficit of about $600 million is more a symptom of a global recession than a government that can’t control its spending.”

Issued on their second quarter financial report, Manitoba has projected a $592-million budget deficit for the year 2009/10. It’s a $640-million negative adjustment to the $48-million summary surplus the province projected in the March budget.

Warren Lovely, a CIBC senior economist said that the Manitoba’s shortfall is connected to the recession that occurred in United States. The weaker industrial demand for electricity from Manitoba Hydro was also pinpointed, as this year’s profit of $120 million is $145 million less than budgeted. Aside from this, Finance Minister Rosann Wowchuck has noted spring flooding and the pandemic H1N1 flu contributed to the economy’s condition.

However, the Manitoban government is still on track to an average pf $221-million surplus for the four year period ending 2009-10, sticking to its commitment of a Balanced Budget, Fiscal Management and Taxpayer Accountability Act. The act states that budgeting is done over a four-year period and allows deficit to be posted in one of those years.

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Stratham makes it easier for property owners to pay taxes

STRATHAM — The Board of Selectmen voted this week to accept payment on taxes early, a practice previous boards considered and rejected.
“I don’t think we had the technological sophistication we have now in our tax collector’s office,” said Town Administrator Paul Deschaine, about why the proposal was rejected by previous boards.
“It’s something that I’ve wanted to offer to taxpayers for a long time,” said Tax Collector and Town Clerk Joyce Charbonneau. She said she routinely receives calls from residents asking if they can pre-pay their taxes.
The program is already up and running, and had two people pre-pay portions of their tax bills on Tuesday, Oct. 6, the day after selectmen voted it into practice.
“We’ve had a lot of anxious calls in the past few months from people worried that the tax bills are going up,” she said.
Charbonneau said, as she tells the callers, she can’t guess what the tax rate will do this year, but she said it will probably be coming out about a month late. “People are worried and some people want to put a little away and whittle down the tax bill so they aren’t hit with the full cost all at once,” she said.
Charbonneau said people can set up a schedule with her, or just stop by at their leisure, but that she would not be calling or sending out reminders to people if they don’t stick to their schedule.
“Anything that we can do to make things a little easier for people, particularly in this economy, is a good thing,” she said. “They can come in every month or every week— or every day if they want and they can pre-pay as much as they want.”
At this point, residents can pre-pay toward their tax bill as much as they want and at the end of the year if there is a remaining balance it will be refunded to them. In the beginning of the year, residents can pre-pay toward the July tax bill and any extra funds can be refunded or applied toward the December tax bill.
Other towns in the area use systems of pre-payment. “I’ve spoken with some of them and they said it is no problem,” she said. “There is no additional administrative burden.”
There was some discussion about the possibility of taking payments as far as the state law allows, two years ahead of when the taxes are due.
“I don’t see a problem with letting people pay two years in advance,” Selectman David Canada said. “But, I also don’t see a problem in letting you crawl before you run,” he told Charbonneau, pointing out that if she decided later to extend how far people could pay in advance, it would not require approval from the Board of Selectmen.
“As always, Joyce is out there to help the customers,” Canada said.
http://www.seacoastonline.com/articles/20091009-NEWS-910090315

STRATHAM — The Board of Selectmen voted this week to accept payment on taxes early, a practice previous boards considered and rejected.

“I don’t think we had the technological sophistication we have now in our tax collector’s office,” said Town Administrator Paul Deschaine, about why the proposal was rejected by previous boards.

“It’s something that I’ve wanted to offer to taxpayers for a long time,” said Tax Collector and Town Clerk Joyce Charbonneau. She said she routinely receives calls from residents asking if they can pre-pay their taxes.

The program is already up and running, and had two people pre-pay portions of their tax bills on Tuesday, Oct. 6, the day after selectmen voted it into practice.

“We’ve had a lot of anxious calls in the past few months from people worried that the tax bills are going up,” she said.

Charbonneau said, as she tells the callers, she can’t guess what the tax rate will do this year, but she said it will probably be coming out about a month late. “People are worried and some people want to put a little away and whittle down the tax bill so they aren’t hit with the full cost all at once,” she said.

Charbonneau said people can set up a schedule with her, or just stop by at their leisure, but that she would not be calling or sending out reminders to people if they don’t stick to their schedule.

“Anything that we can do to make things a little easier for people, particularly in this economy, is a good thing,” she said. “They can come in every month or every week— or every day if they want and they can pre-pay as much as they want.”

At this point, residents can pre-pay toward their tax bill as much as they want and at the end of the year if there is a remaining balance it will be refunded to them. In the beginning of the year, residents can pre-pay toward the July tax bill and any extra funds can be refunded or applied toward the December tax bill.

Other towns in the area use systems of pre-payment. “I’ve spoken with some of them and they said it is no problem,” she said. “There is no additional administrative burden.”

There was some discussion about the possibility of taking payments as far as the state law allows, two years ahead of when the taxes are due.

“I don’t see a problem with letting people pay two years in advance,” Selectman David Canada said. “But, I also don’t see a problem in letting you crawl before you run,” he told Charbonneau, pointing out that if she decided later to extend how far people could pay in advance, it would not require approval from the Board of Selectmen.

“As always, Joyce is out there to help the customers,” Canada said.

http://www.seacoastonline.com/articles/20091009-NEWS-910090315

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