The NDP is being praised by the Canadian Centre for Policy Alternatives for Monday’s financial statement.
Their senior economist Iglika Ivanova says the government made a strong start by addressing crucial issues and she calls that a welcomed change after 16 years of liberal rule. Investment in affordable housing which includes 2,000 units for the homeless as well as new funding for the residential tenancy branch is all good news.
Policy analyst Alex Hemmingway says BC has one of the highest poverty rates in all of Canada. So priority investment in programs for the most vulnerable like homeless and seniors, as well as more money for education and the opiod crisis are heartening.
Hemmingway also says with a strongly performing economy and a move to greeted tax fairness will enable the government to make investments in services people rely heavily upon. Increases to corporate tax rates and an increases in personal income tax for those raking in $150,000 or more annually are also going up. Ivanova says funding to develop a comprehensive poverty reduction strategy which include a pilot program of a basic income is long overdue.
$20 million has been earmarked for child care spaces, but the must-touted $10 per day child care program is expected to be fleshed out in the first budget due in February.