Finance

Related to local government finance advocacy, legislation, policy, and relevant news.

Modest growth & big challenges: the road ahead for BC’s economy

Panelists at the plenary session convened around the state of BC economics. Between the Minister of Finance, two economists and the CEO of the Vancouver airport, the bottom line was that there is no quick way out of this structural financial situation. 

This didn’t happen in the last six months, and it didn’t happen because of Donald Trump, said David Williams, VP of Policy for the Business Council of BC. It’s a structural issue stemming from shrinking revenue and expenditures growing way too quickly. 

Budget 2025: New funding for homelessness, addictions and street disorder

With a trade war now underway, the BC Government introduced a budget earlier today that continues to invest in provincial services while attempting to shore up the provincial economy. Incremental new spending has been targeted for local government priorities, including homelessness response, addiction treatment, street disorder and affordable housing. Longer-term challenges lay ahead, however, with a growing debt and still unknown impacts from tariffs to the provincial economy and government revenue.

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