Thank you, Madam Chair. Using the comparison between the 2003-04 main estimates to the 2004-05 proposed main estimates, we have included the income of $700,000 from the two highest tax brackets in additional revenue, but also a $1.3 million reduction in the two lowest tax brackets that comes into effect January 1, 2005. So by adjusting the two lowest brackets and incorporating the two highest bracket increases, that nets out and it's slightly less than what we would have gotten if we did not make the adjustment for the low-income side. Thank you.
Floyd Roland on Item 20: Consideration In Committee Of The Whole Of Bills And Other Matters
In the Legislative Assembly on March 19th, 2004. See this statement in context.
Item 20: Consideration In Committee Of The Whole Of Bills And Other Matters
Item 20: Consideration In Committee Of The Whole Of Bills And Other Matters
March 18th, 2004
Page 97
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