Nfld projects 3rd straight budget surplus
Tax Cuts on the Horizon
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Finance Minister Tom Marshall, who delivered the budget speech, projected a surplus of $261 million. It will be the province's third year in a row in the black. The government also announced it finished the 2006-2007 fiscal year with a $76-million surplus.
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"Our government is transforming Newfoundland and Labrador from the province with the highest personal income tax rates in Atlantic Canada to the province with the lowest personal income tax rates in Atlantic Canada."
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Good for them. Nice to see a historically "have not" province getting their finances in order.
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