The higher-than-expected surplus is primarily due to $2.9 billion in increased revenue, largely driven by higher personal and corporate income tax and new taxes including a speculation tax and employer health tax.James says she isn’t concerned about a $315-million reduction in property transfer tax revenue, saying the previous Liberal government relied on a speculative real estate market to grow resources while her NDP government has a long-term economic plan.
She says her budget in 2018 put B.C. on a different path with a record $1-billion investment in child care and $7 billion for affordable housing, and the surplus puts B.C. in a stable position amid signs of global economic insecurity. James also says her government has chosen to confront financial challenges at the Insurance Corporation of British Columbia and BC Hydro, and both Crown corporations are now on a more sustainable path.
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GlobeBC Because you stopped all the major road improvements
GlobeBC Yep great and tax payers should get their money back, but I'm sure they find a way to spend it.
GlobeBC Let me get this straight... Conservatives --- Deficits and cuts Liberals ---- Deficit and more spending NDP ---- Surplus through proper taxation and reinvestment in people 🤔🤔🤔🤔🤔🤔🤔🤔🤔 bcpoli onpoli cdnpoli
GlobeBC SO LETS SEEHmm? AS THE BC GOVT DOES THE DIRTY WORK FOR CANADIANS THAT 'CASH FOR ACCESS!!' 'SHADY DEALS!!''COMMUNIST CHINESE STATUE!!''NATIONAL SECURITY THREAT!!''UNETHICAL!!'''LYING!!' TRUDEAU GOVT SHOULD BE DOING IN GOING AFTER THE 'CHINESE LAUNDERED BLOOD MONEY IN CANADA
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