Premier Darrell Pasloski delivered a record territorial budget Thursday, unveiling plans for spending $1.16 billion in the upcoming 2012-2013 fiscal year.

While expenditures for operation and maintenance of each department are estimated to rise from $885 million to $925 million, spending on roads, buildings and other capital projects is forecast to fall from $246 million to $232 million.

It was Finance Minister Pasloski's first, though not the first record budget, as territorial spending has been steadily on the rise for years.

This year's increase represents a 2.3 per cent jump up from the $1.13 billion in expenditures estimated to the end of this fiscal yearon March 31.

Also increasing for 2012/2013 is the anticipated flow of federal money, rising to $964 million from $885 million this year.

Most of the increase from Ottawa is a reflection of growth in both the population and economy, deputy Finance minister David Hrycan explained in an interview during a budget briefing Thursday morning.

There are no tax increases and no fee hikes called for in the budget.

It's estimated the territory will have net financial resources of $49.5 million in available cash on March 31.

Hrycan said net financial resources, or money in the bank, is the amount of money left over if the Yukon was to cash in, pay off all its debt and square up all its liabilities, including $12.3 million in known environmental liabilities.

The $49.5 million, he said, includes the $27 million the Yukon would get in value today if it cashed in the troubled $36.3-million investment it made in 2008 in asset-backed paper, an investment which is continuing to rebuild.

It also includes the $13 million remaining from the government's $17.5-million share of the $50-million federal contribution to the territory in 2006 as part of its Northern Housing Strategy, Hrycan explained.

The budget predicts the territory's bank account will double to $101 million by March 31, 2013.

The deputy Finance minister said when you consider the Yukon and Alberta are the only two jurisdictions in Canada with budget surpluses, the territory is in pretty good shape.

This coming 20-12-13 fiscal budget is made up of the $964 million from Ottawa, $137 million in personal and corporate Yukon taxes, $9.6 million in revenue from the Yukon Liquor Corp., and $51 million in other funding arrangements.

Of the total budget, $420 million, or 36.3 per cent, covers wages and benefits for government employees.

Of all the departments, 11 will see increases in their overall funding, either by a little or a lot, while eight will see decreases, either by a little or a lot.

The budget for the Department of Energy, Mines and Resources, for instance, is slated to climb by 39 per cent from $63.1 million to $87.9.

Most if not all of the increase, according to the figures, is due to a $24-million spike from an estimated $27 million this fiscal year to $51 million in 2012/13 to look after old abandoned mine sites, every penny of which comes from Ottawa.

Funding for the Department of Justice, on the other hand, is falling by 16 per cent – $12 million – to $62.9 million, due largely to the completion of the new Whitehorse Correctional Centre.

Technically, the Department of Highways and Public Works is getting $31,000 less, though with estimated expenditures of $187.9 million, the drop represents less than a fraction of a fraction of a fraction of one per cent.

The Department of Health and Social Services remains the top dog in departmental spending, with an estimate for 2012-13 of $286.8 million, up 5.4 per cent from $272 million forecast to the end of this fiscal year.

Estimated expenditures by department are:

• Health and Social Services, $286.8 million;

– operation and maintenance; up 4.2 per cent to $279 million

– capital; up 88 per cent to $7.7 million.

• Highways and Public Works, $187.9 million;

– O & M; up 1.9 per cent to $116 million

– capital: down three per cent to $71.8 million.

• Community Services, $187.2 million;

– O & M; down 1.6 per cent to $70.4 million

– capital: up 10.6 per cent to $116.9 million.

• Education, $145.8 million;

– O & M; up 0.4 per cent to $139.7 million

– capital: down 42.3 per cent to $6.1 million.

• Energy, Mines and Resources, $87.9 million.

– O & M; up 39.6 per cent to $86.5 million

– capital: up 20 per cent to $1.2 million.

• Justice, $62.9 million;

– O & M; up 4.2 per cent to $58.6 million

– capital: down 77 per cent to $4.2 million.

• Public Service Commission, $38.7 million;

– O & M; up two per cent to $38.6 million

– capital: up 82 per cent to $102,000.

• Yukon Housing Corp., $33.5 million;

– O & M; up three per cent to $17.5 million

– capital: down 37.4 per cent to $15.8 million.

• Environment, $30.8 million;

– O & M; down 2.6 per cent to $29.6 million

– capital: up 5.6 per cent to $1.2 million.

• Tourism and Culture, $24.7 million;

– O & M; down 0.8 per cent to $22.6 million

– capital: down 19 per cent to $2.1 million.

• Executive Council Office, $23.6 million;

– O & M; up 1.7 per cent to $23.5 million

– capital: up 6.5 per cent to $114,000.

• Economic Development, $15.7 million;

– O & M; down 10.5 per cent to $14.6 million

– capital: down 36.3 per cent to $1.1 million.

• Finance, $7.9 million;

– O & M; up 5.9 per cent to $7.9 million

– capital: down 91 per cent to $12,000.

• Yukon Legislative Assembly, $6.2 million;

– O & M; up 4.5 per cent to $6.2 million

– capital: even at $50,000.

• Yukon Development Corp., $5.7 million;

– O & M; up 32.7 per cent to $5.7 million

– capital: even at zero.

• Women's Directorate, $4.8 million;

– O & M; down 0.8 per cent to $1.8 million

– capital: up 195 per cent to $3 million.

• Office of the Ombudsman, $672,000;

– O & M; up 18.7 per cent to $666,000

– capital: up 100 per cent to $6,000.

• Child and Youth Advocate Office, $477,000;

– O & M; up 2.4 per cent to $475,000

– capital: even at $2,000.

• Elections Office, $451,000;

– O & M; down 55.7 per cent to $446,000

– capital: even at $5,000.

With the completion of the Whitehorse Correctional Centre, there's really no big ticket item that stands out in the capital budget.

There is, however, another $5.9 million for the construction of the new ambulance station, and $300,000 earmarked for the replacement of the fire hall in Beaver Creek.

While Yukon Housing has eliminated the $10 million it had for social housing projects this year under the multi-year federal stimulus program for affordable housing, $3 million has been earmarked to pursue other affordable housing options in 2012-13.

There is $7 million identified for the new Ross River arena to replace the one destroyed by fire last year.

Health and Social Services has identified $4 million to invest in the management of electronic health records.

There's $3 million identified for Kaushee's Place and its second-stage housing project.

Funding in the amount of $10.8 million has been identified for the continuing work on Dawson City's sewage treatment and district heating project.

The Shakwak project is pegged at $15 million for 2012-13, down from $19.7 million, and $6 million has been earmarked for repair to the Upper Liard Bridge.

Reconstruction of the Takhini Hot Springs Road is expected to begin with a $2-million injection, and $7.2 million has been identified for the Campbell Highway.

Another $1.3 million has been allocated for continued work on the replacement of F.H. Collins Secondary School, with the first major construction financing of $20 million scheduled to come forward in the 2013-14 fiscal budget.

Haines Junction is scheduled to receive $4.6 million for its water reservoir and pump system, and $1.5 million has been identified to protect Burwash Landing's well head.

Road upgrades in Old Crow have been estimated at $32,000.

Mount Sima is pencilled in for $200,000 in upgrades.

And $34 million has been identified for continued development of residential land, most of which is earmarked for the Whistle Bend subdivision.

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