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

420 celebrations turn over new leaf at B.C. legislature

Cannabis is legal for the first time in the 21-year existence of the 420 event in Victoria

VIDEO: ‘Stewie the Starfish’ mascot revealed at Premier League kickoff party

Pacific FC kickoff party scores in Victoria Inner Harbour

Victoria cannabis dispensaries are busy in their first days of legal operation

The Cloud Nine Collective and The Original FARM opened their doors on April 15

Report calls on Saanich to expand multicultural programming at recreation facilities

Report also notes that Saanich could do more for sexual minorities.

WATCH: Movie star and PACE alum Calum Worthy talks musical theatre and his career

“American Vandal” and “Austin and Ally” actor has been returning to the program for over 20 years

POLL: How often does your family use BC Ferries?

Navigating the lineups for BC Ferries is a way of life for… Continue reading

Crime Stoppers most wanted for Greater Victoria for the week of April 16

Greater Victoria Crime Stoppers is seeking the public’s help in locating the… Continue reading

Waste not: Kootenay brewery leftovers feed the local food chain

Spent grains from the Trail Beer Refinery are donated to local farmers and growers, none go to waste

Deck collapses in Langley during celebration, 35 people injured

Emergency responders rushed to the Langley home

B.C. mom wages battle to get back four kids taken from her in Egypt

Sara Lessing of Mission has help from Abbotsford law firm

VIDEO: Fire guts Peachland home

Crews are still on scene pumping water onto the blaze in the Okanagan neighbourhood

$6K raised in one day’s time for family of woman gunned down in Penticton

GoFundMe launched for family of Darlene Knippelberg, to pay for funeral costs and other expenses

B.C. mountain biker sent home from hospital twice, despite broken vertebrae

Released in Maple Ridge to go home with three fractured vertebrae

Most Read