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Highlights of the 2019-2020 P.E.I. budget

These are photos of the Coles Building
These are photos of the Coles Building

Highlights of 2019-2020 budget

  • A budget surplus of $1.8 million compared to $13.8 million surplus for 20182019.
  • Net debt forecast to reach $2.24 billion in 20192020 up from $2.18 billion in 2018-2019.
  • Two new family physicians in Queens County.
  • $1.6 million to support nurse practitioners added in the past year.
  • $1.3 million in new orthopedic specialist services to help reduce wait times for hip and knee replacements.
  • $3.2 million for 100 new longterm care beds across the province.
  • $150,000 for the establishment of midwifery services.
  • An increase of $19.2 million in spending on K12 and early years education.
  • New frontline staffing positions in schools will include 32 teachers and 42 educational assistant positions.
  • Holland College, UPEI and College de L’Ile will receive a two per cent increase in operating funding.
  • Financial support for a second children’s lawyer.
  • $4.7 million to address poverty reduction and accessibility supports for Islanders.
  • $225,000 to develop a secureincome pilot program.
  • A further $2.2 million in rent supplements.
  • $100,000 annually to support a women’s homeless shelter.
  • $100,000 to support a survivors of sexual assault program.
  • The basic personal tax amount will increase to $10,000 as of Jan. 1, 2020.
  • The lowincome threshold amount for personal income tax will increase from $17,000 to $18,000 effective Jan. 1, 2020.
  • Small business tax rate will decrease by 0.5 per cent starting Jan. 1, 2020.
  • $5.7 million in additional spending into agriculture insurance rates and premiums.
  • $10 million in incentives for fuel switching.
  • A $500,000 incentive program for solar power projects.

RELATED: Dennis King's first P.E.I. budget stays the course, projects $1.8-million surplus

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