Rhetoric from the campaign trail stressed increased spending and higher taxes.
bc budget
Public school enrolment in B.C. fell 9.1 per cent between 2005/06 and 2014/15.
It doesn’t only matter how much taxes are cut, it also matters which taxes are cut.
B.C. taxpayers were on track for a net tax increase of nearly $900 million from 2013/14 to 2018/19.
British Columbians still on track to experience $599 million net tax hike from 2013/14 to 2016/17.
Every extra dollar of net income earned by any business that steps over the $500,000 threshold will be taxed at a rate five and half times the small business rate.
Budget contained no plan to offset the dramatic increase in business taxes associated with reintroducing the Provincial Sales Tax a few years ago.
Against the backdrop of a sluggish and uncertain economy, B.C. Finance Minister Mike de Jong unveiled a largely status quo budget on Tuesday.