May 3, 2024

BC’s budget deficit is nearing $1.5-billion

British Columbians now have a budget deficit of $ 1.47-billion. That's $ 328-million worse than predicted in the first financial quarterly report. Finance Minister Mike de Jong is blaming the increase on a delay selling Crown land in Vancouver, as well as declining revenues from property taxes and falling coal prices. Premier Christy Clark said … [Read more...]