On Screen Manitoba appreciates the Government of Manitoba’s commitment to maintain the Film and Video Tax Credit programs announced in Budget 2017 this week. The Tax Credit is a proven and effective business tool used to attract an average of $60M to the Province annually, from federal and international sources. It will now be recorded under estimates for Manitoba Sport, Culture & Heritage. The Interactive Digital Media Tax Credit, which was enhanced in June 2016 (project cap removed) is now extended to December 31, 2022. It remains under Growth, Entrepreneurship and Trade. The budget speech also points to the Province’s recognition of the economic and social benefits of the whole of the arts and culture sector.
Budget 2017 includes cuts to most departments, a few key decisions are listed below:
- The budget for Manitoba Sport, Culture and Heritage is reduced by a total of $3.9M. This includes funding reductions of $195,000 to the Manitoba Arts Council and $283,000 to Manitoba Film and Music and another $886,000 is to be cut from various arts and culture grant programs.
- The budget for Growth, Entrepreneurship and Trade was reduced by $4.2M.
- Education and Training is augmented by $1.3M with targeted increases to schools and universities. Workforce development funding appears unchanged.