VIDEO: 8 things you need to know about the 2019 B.C. budget

Surplus of $247 million with spending on children, affordability and infrastructure

The NDP’s second provincial budget released Tuesday didn’t hold too many surprises, focusing on affordability for families.

The 2019-20 financial plan includes an estimated surplus of $247 million, with future surpluses aimed as high as $585 million by 2022.

New B.C. Child Opportunity Benefit

The budget introduced a new benefit fund the government says will return nearly $400 million to families raising children, though it won’t take effect until October 2020.

For an eligible family with one child, the benefit is as high as $1,600 a year, increasing to $2,600 for two children and $3,400 for three children. Families will receive the benefit from the day their child is born until the child is 18 years old. Read more >

Income assistance boost

A person on income or disability assistance will receive an additional $50 more per month, totalling $760.

The government also announced a $15-million, three-year investment towards a new “homelessness action plan,” including 200 more modular housing units. Read more >

No more interest on student loans

Effective immediately, all B.C. student loans stop accumulating interest. This means upwards of $2,300 in savings over a 10-year period for someone with $28,000 in provincial and federal loans.

Big focus on health services

The province announced the largest infrastructure investment in B.C.’s history, with a portion of the $20 billion focused on health care. This includes $4.4 billion over three years to expand and upgrade equipment at hospitals and clinics, $30 million to continue fighting the opioid overdose crisis, and $42 million to expand the Fair PharmaCare program.

Carbon tax goes up

The tax is going up five dollars, to $40 per tonne. That will help fund the $107 million budgeted to cover B.C.’s point-of-sale rebates for zero-emission vehicles over the next three years.

CleanBC also moves ahead, offering incentives for clean energy use and conservation, with a $902-million investment. Read more >

Mores funds to fight wildfires

Wildfire suppression efforts, damages and evacuation orders cost nearly half a billion dollars last summer. The province has committed $111 million over three years.

Historic Indigenous revenue-sharing model announced

B.C. Lottery Corporation revenue will be shared with Indigenous communities, starting with $100 million a year over the next three years. Roughly 200 Indigenous communities will be eligible for grants between $250,000 and $2 million each year. Read more >

Ride hailing included in B.C. budget

About $9 million will be invested over three years to modernize the taxi industry and enable ride-hailing in B.C. – a commitment made by Premier John Horgan since campaigning for office. The money will be used to enhance vehicle compliance and enforcement while supporting the Passenger Transportation Board, the provincial regulator.


@ashwadhwani
ashley.wadhwani@bpdigital.ca

Like us on Facebook and follow us on Twitter.

Just Posted

Windfall for Deltassist from Delta brewery’s fun run

Four Winds Brewing Company’s third annual Winded 5K raised a record $11,809.53

Paul Bennett honoured at Peace Arch Hospital Foundation awards

Cloverdale man, murdered in June 2018, was one of a number of people to be honoured

North Delta crime beat, week of Sept. 29

A selection of property crimes submitted weekly by the Delta Police Department

Reach Society granted $20K to help lessen counselling waits

The funds were granted from the First West Foundation’s Envision Financial Community Endowment

UPDATE: Man arrested in fatal stabbing near Clayton Heights gas station

Victim pronounced deceased at the scene; RCMP cordon off area

B.C.’s rural paramedic program expands, with home support

Advanced care ambulance staff added for six communities

Singh says NDP would form coalition with the Liberals to stop Tories

Singh was in a Liberal-held riding Sunday afternoon in Surrey where he was pressed about his post-election intentions

‘My heart goes out to the mother’: B.C. dad reacts to stabbing death of Ontario boy

Carson Crimeni, who was also 14, was bullied relentlessly, his dad says

BC Ferries filling up fast with post-Thanksgiving weekend travellers

Monday anticipated to be busiest day of the weekend

The one with the ‘Friends’ photoshoot: Kelowna group recreates TV show intro

A friend’s departure prompted them to create something that really says, “I’ll be there for you”

Canadian Snowbirds plane crashes before air show in Atlanta

Pilot lands safely after ejecting from jet

Share crash data, private insurers tell David Eby, ICBC

B.C. monopoly makes drivers retrieve their own records

B.C. VIEWS: Wolf kill, not backcountry bans, saving caribou

B.C.’s largest herds turn the corner from extinction

Vancouver Giants wrap up prairie road swing with a 4-2 win over Regina

Milos Roman paced the Langley-based Giants with two goals, goaltender David Tendeck made 34 saves

Most Read