B.C. tax revenues drop 0
Finance Minister Mike de Jong. (FILE PHOTO)
A drop in tax revenues and a drop in Crown corporation revenue created an income shortfall of $511 million during the last fiscal year, according to a release from the Ministry of Finance.
The release coincided with the release of the 2013-14 public accounts by Finance Minister Mike de Jong.
Victoria said despite the income losses the government was able to post a “modest” surplus of $353 million and increase spending on health and education.
Meanwhile the BC NDP has accused the government “gouged families to pad government accounts” pointing to increased hydro rates and car insurance rate hikes as part of the reason for the small surplus.