Provincial budget & finance

And Another Thing About the Port Mann non-P3

Mar 4, 2009
Now that the government has abandoned private financing of the Port Mann, it’s time to make the bigger but equally sensible leap and abandon the concept of a cost recovery project toll. I’m all for tolling. Unless you are a fan of the queues inevitably created by what can only be described as our current… View Article

Death of a P3

Feb 27, 2009
And so the P3 financing deal for the Port Mann Super-Bridge died, conveniently right when it will get the least media coverage. Here’s the breaking news from the Sun: The province has been unable to reach a finance-arranging deal with the consortium that was to build the new Port Mann Bridge, transportation Minister Kevin Falcon… View Article

Not the usual sceptics

Feb 22, 2009
Scepticism about the provincial budget last week is extending beyond the usual sceptics. BC’s Credit Union Central has published its take titled “The Bandage Budget” (read here) and it is raising some questions about assumptions being presented. On the size of the possible deficit: The projected deficit in 2009/10 is small in absolute ($495 million)… View Article

Accounting games of Olympic proportion

Feb 20, 2009
The long awaited 2010 security budget was finally unveiled today. The latest estimate pegs the cost of securing the Olympics at $900 million or just over five times more than the original estimate of $175 million. BC’s portion of the total now sits at $252.5 million or roughly three times more than its original price… View Article

Numerically Challenged

The BC budget just doesn’t add up once you look at some of the details. Since the 2009 economy is shrinking, how can revenues from personal income tax be greater in 2009 than 2008, when the yearly economy was still growing? A more for less approach seems to be endemic with the premier. When commenting… View Article