BC's Pandemic Budget Increases Spending and Forecasts Big Deficits
There are also sizeable increases for K-12 and post-secondary education, as well as money earmarked to respond to the opioid crisis and for increased mental health and addictions services. At the same time there’s a $2-billion drop in revenue, a big part of which is a drop in corporate income tax (down $1.4 billion) that’s partially offset by increased revenue from the carbon tax (up $300 million) and property tax (up $646 million). There’s also a big drop in projected transfers from the federal government, mainly because of one-time pandemic-related support year that isn’t being rep...
Source: thetyee.ca