Tag Archive: budget

BC’s Other Deficits

Nov 28, 2012
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The release of the BC Budget Second Quarterly report notes an increase in the projected budget deficit to $1.5 billion, up from $1.1 billion when the beans were first counted back in September. The growing deficit, amid a soft economy, is bound to get plenty of media attention. But this blog post is not about… View Article

BC is giving away its natural gas

Nov 21, 2012
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In September, when the BC government tabled its First Quarterly Report on the BC Budget the big story was on plummeting natural gas royalties, which means cuts to public services in order to keep the budget balance in check. As the update states on page 6: The deterioration in natural gas royalty revenue is the main… View Article

Dix right to scrap balanced budget legislation

Sep 28, 2012
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Yesterday, Opposition leader Adrian Dix indicated that, if he wins government, he would scrap BC’s balanced budget legislation (BBL). His announcement has drawn some fire from predictable sources. Some media reports indicate that Dix appeared uncomfortable sharing this news. He shouldn’t have. Scrapping BBL is good public policy. CCPA researchers have long been critics of… View Article

Kevin Falcon’s narrow take on tax options

Jan 28, 2012
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BC Finance Minister Kevin Falcon says he is keen to take a fresh look at the BC tax system. He is welcoming new ideas, and he even wants your opinion. He has struck an “expert” panel to review BC’s tax regime, and in early January the government launched an online tool that the public can… View Article

Making health care funding sustainable

Jan 13, 2012
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The BC Legislature’s Select Standing Committee on Health is currently investigating the sustainability of BC’s health care system (with a focus on demographic / aging trends), and asked for written submissions of peer-reviewed studies on the subject. Here’s what I just submitted: Submission to the BC Legislature’s Select Standing Committee on Health From: Seth Klein,… View Article

The real impact of HST’s defeat on provincial finances

Sep 9, 2011
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On Sept 8, Finance Minister Kevin Falcon released a much anticipated update on provincial finances. The Minster’s presentation focused on highlighting the cost of the move back to PST/GST, providing some large numbers for the media headlines, instead of looking at the big picture. In case you missed the media coverage, the provincial coffers are… View Article

Christy’s HST “fix”: politics trumps good policy

May 26, 2011
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This is no way to make tax policy. Wednesday’s proposed reforms to the HST provide yet more evidence that what we really need is a Fair Tax Commission –– a full public engagement exercise in which the entire tax regime is on the table, and people can deliberate on how we want to raise the… View Article

Corporate tax cuts haven’t delivered

Mar 23, 2011
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Yesterday I debated an economist from the Fraser Institute on CBC radio about the Federal Budget. One of the points of contention (and indeed, one of the core issues around which this budget will likely bring down the government) was the matter and merits of corporate tax cuts. My point: corporate tax cuts simply have… View Article

Our priorities for BC Budget 2011

Sep 17, 2010
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On September 15, I presented CCPA-BC’s recommendations for BC Budget 2011 at the Vancouver BC Budget Consultation public hearing. Take a look at my presentation slides for a brief overview of our take on BC’s current budget situation and economic outlook, and our advice for leading the province’s recovery…. View Article