Finance and economy minister Nicolas Marceau introduced his 2013–2014 budget in the fall. The budget laid out revenues, without specifying expenditures. These were presented later, after the budget had passed. The budget projects a break-even operating balance by the end of fiscal year 2013/14 mainly by slowing down the rate of growth of public spending. The budget implemented higher taxes on tobacco and alcohol and modifies – but didn't cancel outright – the $200 health tax passed in Raymond Bachand's 2010 budget, adding an element of progressiveness to it. The Marceau budget also changed the planned increase to the low-cost heritage pool electricity sold by Hydro-Québec to every Quebecker. Instead of raising the heritage pool price from 2.79 to 3.79¢/kWh from 2014 to 2018 as set by the previous government in 2010, the PQ government chose to let the rate increase with inflation while asking government-owned Hydro-Québec to increase its dividend. The budget narrowly passed on November 30, 2012, in spite of objections by the Liberals and CAQ. Subsequent to passage of the budget, the PQ government announced increased expenditures in the area of subsidized child care, while cutting payments to universities. The latter cuts to university funding included a retroactive cut of $124 million in the 2012–2013 fiscal year, an action criticized by both university rectors and student leaders.