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

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.

B.C. Budget 2019

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Police stopped, then let go this man and his large collection of cans during a stop Monday morning on Resthaven Drive. Police had received a report of a possible theft, but let him go after he had returned the property, which he believed was his to take after being left out in public. (Wolf Depner/News Staff)
Report of theft, balancing act on Sidney street draws curious onlookers

Incident happened just before 8:30 a.m. opposite of Vancouver Island Regional Library branch

Sean Hart, 34, unexpectedly left the Seven Oaks Tertiary Mental Health Facility in Saanich on Nov. 6, 2020 and has now been missing for six months. (Photo courtesy Penny Hart)
Search continues for Saanich man Sean Hart six months after his disappearance

Support from community, police keeps his mother hopeful

Victoria Police continue to investigate a stabbing in downtown Victoria. (Black Press Media file photo)
Passerby calls police after finding man stabbed, sobbing on Victoria street

One man was sent to hospital with non-life-threatening injuries

Rendering of the proposed residential and commercial building on the existing site of the Northern Junk buildings at 1314 and 1318 Wharf St. Victoria council sitting as committee of the whole voted May 6 to send the project to public hearing. (Courtesy City of Victoria)
Proposal for underutilized Victoria harbourfront site heading to public hearing

Northern Junk buildings would be incorporated into design of new structure

Oak Bay resident Hugh Thompson died Friday, May 7. (GoFundMe photo)
Oak Bay dad dies mountain biking near Shawnigan Lake

Community rallies around family with online fundraiser

A bullet hole is seen in the windshield of an RCMP vehicle approximately 4 km from Vancouver International Airport after a one person was killed during a shooting outside the international departures terminal at the airport, in Richmond, B.C., Sunday, May 9, 2021. THE CANADIAN PRESS/Darryl Dyck
Homicide team IDs man in fatal YVR shooting as police grapple with spate of gang violence

Man, 20, charged in separate fatal shooting Burnaby over the weekend

The B.C. legislature went from 85 seats to 87 before the 2017 election, causing a reorganization with curved rows and new desks squeezed in at the back. The next electoral boundary review could see another six seats added. (Black Press files)
B.C. election law could add six seats, remove rural protection

North, Kootenays could lose seats as cities gain more

The Independent Investigations Office of B.C. is investigating the shooting of an Indigenous woman in the Ucluelet First Nation community of Hitacu. (Black Press Media file photo)
B.C. First Nation wants ‘massive change’ after its 3rd police shooting in less than a year

Nuu-chah-nulth woman recovering from gunshot wounds in weekend incident near Ucluelet

Nurse Gurinder Rai, left, administers the Moderna COVID-19 vaccine to Maria Yule at a Fraser Health drive-thru vaccination site, in Coquitlam, B.C., on Wednesday, May 5, 2021. The site is open for vaccinations 11 hours per day to those who have pre-booked an appointment. THE CANADIAN PRESS/Darryl Dyck
COVID vaccine bookings to open for adults 40+, or 18+ in hotspots, across B.C.

Only people who have registered will get their alert to book

Dr. Victoria Lee, CEO of Fraser Health, hosts an update on efforts to contain B.C.’s COVID-19 transmission in Surrey and the Fraser Valley and protect hospitals in the Lower Mainland, May 6, 2021. (B.C. government video)
B.C.’s COVID-19 infection rate slowing, 20 more people die

Deaths include two people in their 40s, two in their 50s

The Canadian Forces Snowbirds are in the Comox Valley for their annual spring training. Photo by Erin Haluschak
Suspected bird strike on Snowbirds plane during training in Comox

Pilot followed protocols and landed the aircraft on the ground without any problems

BCIT. (Wikimedia Commons)
BCIT apologizes after employee’s ‘offensive and hurtful’ email leaked to Métis Nation

BCIT says employee’s conduct has been investigated and addressed

Most Read