Premier Christy Clark listens as Finance Minister Mike de Jong presents the 2014-15 budget last February. The expected surplus has grown to more than $400 million since then.

Surplus to pay off ‘credit cards,’ Clark says

Premier Christy Clark and Finance Minister Mike de Jong don't see much room for new spending as B.C. budget strengthens

VICTORIA – Premier Christy Clark and her ministers are fending off calls to increase spending on pressing social priorities as the financial picture brightens for the B.C. government.

With the bills tallied for the first half of the fiscal year, the province is forecasting a surplus of $444 million by next spring, about twice as much as was projected in last February’s budget. Finance Minister Mike de Jong said the improvement was helped by a strengthening U.S. economy, despite commodity slumps that have produced declining lumber and coal revenues.

Both de Jong and Clark said their highest priority is to repay about $5 billion in debt accumulated during a string of deficits before the budget was balanced in 2013.

“Like any family that’s been through tough times, the first thing you need to do when you get back to finding a job and making an income again, is to pay off your credit cards,” Clark said in an interview. “We’re going to pay off these credit cards that got charged up after 2008 pretty heavily.”

NDP children and family critic Carole James said the government has achieved surpluses with the help of increases to medical premiums, ferry fares, BC Hydro rate increases and other charges, and it’s time to put some back to the people who need it. Her party has been pressing for removal of a clawback of child support payments from social assistance and disability recipients, an estimated annual cost of $17 million.

“It’s not simply people who are the recipients of child maintenance dollars, but in fact all British Columbians see how unfair it is that that money is clawed back from children,” James said.

Another priority is to increase post-secondary education funds, which are looking at one of a series of budget cuts next year despite the government’s high-profile jobs plan, James said.

Jobs Minister Shirley Bond, meanwhile, turned away calls from retiring B.C. Federation of Labour president Jim Sinclair to raise the minimum wage to $15 an hour.

After a series of increases brought the B.C. minimum up to $10.25 by 2012, Bond said the issue is being monitored, along with factors like youth unemployment and inflation.

“You’re certainly not going to see us move to $15 an hour in the short term,” she said.

 

Just Posted

Cowichan United bounces back to tie Castaways

U21 soccer team overcomes slow start on the road

Music of Beethoven and Brahms featured in the Cowichan Consort’s Nov. 3 event

Discovery Elementary School’s choir will present songs in this show as well

Kerry Park repeats at Alberni atom A tourney

Islanders win battle with Surrey in gold-medal game

Robert Barron column: Don’t forget to vote tomorrow

The very first night I put an election campaign sign on my lawn, someone used it like a football.

Fashion Fridays: You can never have enough shoes

Kim XO, lets you know the best online shopping tips during Fashion Fridays on the Black Press Media Network

Coming up in Cowichan: Pair of Mill Bay Marine Rescue Society fundraisers

Fall Fishing Derby will benefit Mill Bay Marine Search and Rescue Mill… Continue reading

Cowichan Coffee Time

Chain of Love and Lake to Lake Walk

Former B.C. cop sentenced to jail ‘in the community’ after caught in Creep Catchers sting

Dario Devic pleaded guilty after getting caught up in Surrey Creep Catcher sting in Whalley in 2016

5 races to watch in B.C.’s municipal elections this Saturday

This year’s election results across more than 160 cities in B.C. will start pouring in after polls close Saturday at 8 p.m.

Annual pace of inflation slows to 2.2 per cent in September: Statistics Canada

Statistics Canada said Friday the consumer price index in September was up 2.2 per cent from a year ago compared with a year-over-year increase of 2.8 per cent in August

Dog deaths in Lower Mainland may be tied to suspected mushroom poisoning: RCMP

Police have received reports in the last month about several dogs becoming ill after visiting a park in North Vancouver

First Nation female hockey player a force on the ice

Bree-Anna Henderson continues to lead as one of the top scorers in her last year of hockey.

Record-breaking $113 million Lotto Max jackpot up for grabs

This is Canada’s highest top prize offering ever and includes 53 Max Millions

Most Read