Manitoba's Budget: Homeowners' Tax Credit Boost

0:00Manitoba's government is rolling out changes to help homeowners with rising property taxes in its budget this Tuesday. The homeowners' affordability tax credit will jump to $1,700 a year from $1,600, starting in. 2027, but homes assessed over $1 million will see the credit cut on a sliding scale, and those above $1.5 million get nothing. This tweak aims to ease the sting from school taxes that have spiked more than 20% in some Winnipeg areas over four years. Overall, homeowners stand to save $7.2 million a year from the net changes. Critics have hammered the NDP for ditching an old 50% rebate in favor of this fixed credit, which skips cottages, landlords, and others. Lower value homes have saved cash, but middle and higher ones have paid up as education tax revenue, soared past $1.1 billion a year. The budget comes amid bigger fiscal pressures, with a $1.6 billion deficit forecast this year

1:04due to drought and fires. Officials promise balance by 2027-28, plus cash for more police, nurse training, childcare spots, and a probe into a past. Governments mine approval mess. These moves fit the government's big push on affordability, from grocery-price studies to possible new milk container caps as property taxes here, outpace every other province. Local news, powered by AI, this is Canada News Today.