Provincial budget & finance

Short BC throne speech neglects climate crisis, poverty

Jun 26, 2013
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Everyone expected today’s throne speech to be a brief recap of Christy Clark’s election platform. And on this front, it certainly delivered: only 8 pages, compared to the usual 20+, pinning our province’s hopes on LNG exports, and using much of the same language, word for word, that we’ve heard repeatedly throughout the election campaign…. View Article

Are average Canadians paying too much in taxes?

Apr 24, 2013
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On April 23, the Fraser Institute released the annual update of their misleading Consumer Tax Index report. The piece is meant to feed the anti-tax sentiment with numbers sprinkled liberally for their shock value instead of providing any meaningful analysis. Here are some of the main flaws with the report’s methodology. If what follows sounds… View Article

Assessing BC’s Fiscal Health: Can BC afford more deficits?

Apr 17, 2013
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By Seth Klein and Iglika Ivanova [Note: this piece has also appeared in the Tyee here.] OK, time for a reality check on BC’s deficits. Simply put, while arguments about deficits and “who is the better fiscal manager” may make for entertaining politics, there is no compelling economic reason why BC cannot run a few… View Article

Absolving our Carbon Sins: the Case of the Pacific Carbon Trust

Apr 2, 2013
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Last week’s report from BC’s Auditor General dealt a huge blow to the credibility of carbon offsets and claims that BC had achieved a state of “carbon neutral government.” Coverage of the AG’s report was coloured by accusations from the Pacific Carbon Trust, the Crown corporation created to buy and sell BC offsets, and “experts”… View Article

Your BC income taxes are lower than you think

Mar 15, 2013
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As we approach tax filing time, here’s a little context regarding your BC income taxes… One of the problems plaguing debates about taxes in BC is that people think they pay much more in provincial income taxes than they actually do. For example, if I suggested that everyone pay 20% more in provincial income taxes,… View Article

BC governments extends outsourced health information management despite issues raised by Auditor General

Mar 11, 2013
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British Columbia’s government today announced it had extended its agreement with Maximus BC, a US subsidiary corporation, to manage BC’s health information for another five years. The $264 million contract will run from 2015 until 2020. The original contract began in 2005.  That ten year deal cost $324 million.  On a comparable basis the new five year… View Article

A new government? It’s not as easy as it looks

Feb 28, 2013
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If there is a new government in BC on May 15th, it will be confronted with issues that make the transition particularly challenging. The financial issues are a given.  Debt has gone up.  Possibly, given the economic recession we faced, it should have gone up even further.  The dramatic rise in long term contractual obligations… View Article