Provincial budget & finance

Time to extend financial supports to local governments

Apr 15, 2020
Local governments and regional authorities like TransLink have been missing from federal and provincial economic responses to COVID-19. Local governments are facing collapsing revenues, and unlike federal and provincial governments, they are not allowed to run deficits to cover their operating costs. As a result they are already staring into the abyss of painful austerity… View Article

Food insecurity and hunger during COVID-19

Apr 7, 2020
The COVID-19 pandemic has exposed holes in our social safety net and significant inequality across BC households. Much of the recent focus has been on workers facing unemployment and renters unable to pay for their housing, with new federal and provincial supports enacted to try to address these needs. In this post I want to… View Article

Taking stock of COVID-19 economic policy measures in BC

A multitude of measures have been tabled by the provincial and federal governments to prop up workers and an economy reeling from mandated closures of businesses brought about by physical distancing measures. Spring 2020 will be a period economic historians will be writing about for decades to come. Most economists were encouraging significant fiscal and… View Article

Our take on BC Budget 2020

Feb 18, 2020
BC Budget 2020 is light on new announcements. It largely marks the final year of implementation of the ambitious three-year plan set out back in 2018 to tackle some of our biggest social and economic challenges head on. The good news is that it delivers on key commitments made (and even ups the amounts slightly… View Article

A surplus at all costs? Balanced budget fixation hurts BC

Jan 20, 2020
Almost every year at budget time, BC governments of all stripes predict public coffers are going to be worse off than they’re likely truly expecting. This habit is usually portrayed as harmless or even prudent, but when the budget room available to us is systematically underestimated, it distorts the scope of public debate. Budget lowballing… View Article

Happy new year—no more MSP!

Jan 6, 2020
It’s a brand new year, and BC’s Medical Services Plan (MSP) premiums are no more. That’s great news because MSP premiums were a very unfair tax (or “regressive” as we economists like to say). In its first budget (in 2018), the current provincial government announced it would phase out MSP premiums by 2020 and has… View Article

Let’s go big on building affordable non-market rental housing

Dec 11, 2019
To fully address Metro Vancouver’s housing crisis we need an ambitious build-out of 10,000 new units per year of non-market, rental housing. This includes public housing and co-ops that are truly affordable for ordinary households. New investments from the BC and federal governments point to a modest revival of public, non-market housing, but these investments… View Article