POLITICS

Highlights of the Saskatchewan budget

03/21/2012 04:18 EDT | Updated 05/21/2012 05:12 EDT
REGINA - Highlights of the Saskatchewan 2012-13 budget tabled Wednesday:

— Forecasted revenue of $11.3 billion and expenditures of $11.2 billion.

— $95-million surplus, but half to be transferred to rainy-day fund.

— Overall expenses up 4.7 per cent over 2011-12.

— Equivalent of 500 full-time government jobs to be cut through retirement and managing of vacancies.

— Prescription costs under the Seniors and Children's Drug Plan increase to $20 from $15 per prescription.

— New education funding formula requires $10 million to help cushion the blow for school divisions that would otherwise see a cut.

— Funding to follow through on campaign promises, including a tax credit for first-time homebuyers and scholarships for high-school graduates.