CCPA Policy Note

Entries Tagged as 'Provincial budget & finance'

New BC Auditor General report finds public private partnerships double the cost of borrowing

October 30th, 2014 · · No Comments · Privatization, P3s & public services, Provincial budget & finance

British Columbia’s new Auditor General, Carol Bellringer, published her annual report on government’s 2013-14 summary financial statements today and it contains some pretty interesting highlights. First of all, and for the first time, the AG has published a comparison of how much it costs the government to undertake projects on its own compared to using […]

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A BC framework for LNG, part two: the LNG income tax

October 21st, 2014 · · 6 Comments · Energy, Provincial budget & finance, Taxes

Well, we saw this coming but it’s still sobering to see it in black and white. The BC government’s decision to cut its proposed LNG Income Tax in half (from 7% to 3.5%) is simply a cave in to industry. It’s massive giveaway of a public resource to global corporations by a desperate government who put […]

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Feds and provinces push billions in costs down on to towns and cities

September 18th, 2014 · · 3 Comments · Economy, Environment, resources & sustainability, Municipalities, Provincial budget & finance

It is all too easy to get lost in “today’s issue” when we look at things without realizing they are part of a larger pattern that affects our lives. Desperately needed public transit in the Lower Mainland becomes a political football with competing interests and imposed referendums. In the Capital Regional District plans for sewage […]

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If the political will is there, the money is too to settle teachers’ dispute

September 13th, 2014 · · 1 Comment · Children & youth, Education, Provincial budget & finance

I’ve submitted the following Letter to the Editor to the Vancouver Sun. Hoping they publish it in the next couple days: Enough with the pleas of a bare cupboard from the Premier, Finance Minister and Education Minister. If the political will is there, there is plenty of money to settle the teachers’ dispute, hire more […]

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Why teachers are still striking

September 12th, 2014 · · 2 Comments · Education, Employment & labour, Provincial budget & finance, Taxes

Speech to the Langley Teachers Association’s Public Forum on Education Delivered July 16, 2014. Check against delivery. I have a slightly different take because I don’t come from the labour movement or from the education sector – I come as an economist, so I’m going to talk a little bit about numbers. But before I […]

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BC’s Awkward Surplus

September 11th, 2014 · · 14 Comments · Children & youth, Education, Provincial budget & finance, Taxes

On Tuesday, the Ministry of Finance reported results from the first quarter of 2014/15. While the news release stated “B.C.’s budget remains balanced in spite of extra costs,” there is a projected surplus of $266 million for the current fiscal year. In reality it will likely be much higher, due to the usual practice of using conservative planning […]

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The dangers of deregulation extend beyond mining disasters

August 22nd, 2014 · · 1 Comment · Economy, Environment, resources & sustainability, Privatization, P3s & public services, Provincial budget & finance, Transparency & accountability

The Mount Polley Mine disaster has raised important questions about the risks and costs of deregulation of the mining industry in BC. I spoke about this issue recently on CBC Vancouver’s Early Edition and CBC Kamloops’ Daybreak (if you missed it, there’s audio here, starts around 1:00:48). As a citizen and as a public interest […]

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Mount Polley Mine dam collapse compels us to review resource development regulations

August 20th, 2014 · · 2 Comments · Economy, Environment, resources & sustainability, First Nations & Aboriginal, Privatization, P3s & public services, Provincial budget & finance, Transparency & accountability

At this point, we don’t know exactly what caused the collapse in the large dam holding mining wastewater and contaminated sediment – also known as tailings – at the Mount Polley Mine. This is why we need the inquiry which the BC government announced earlier this week. It remains to be seen if it was […]

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BC government using affordability excuses to underfund education and health

August 11th, 2014 · · 7 Comments · Economy, Education, Privatization, P3s & public services, Provincial budget & finance

Affordability is becoming the new buzzword of the BC government. In the dispute with teachers, for example, the Minister of Education has repeatedly argued demands for lower class sizes and improved class composition, as well as fair wages, are unaffordable and unrealistic (see here). When parents and businesses make the case for more public funding […]

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Will offsets be the “indulgences” for our LNG sins?

July 18th, 2014 · · 3 Comments · Climate change, Environment, resources & sustainability, Privatization, P3s & public services, Provincial budget & finance, Transparency & accountability

In June 2014, the BC government reported on its progress towards the 2007 Greenhouse Gas Reduction Targets Act, which calls for a one-third reduction by 2020 in GHG emissions (relative to 2007 levels) and an 80% reduction by 2050. The BC government claimed to have met a key milestone: an interim target of a 6% […]

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