Tuesday 20 February 2018

Upcoming BC Budget


Source: Times Colonist

With the throne speech recently taking place, and the BC NDP set to deliver their first provincial budget later today. Some key points I'm interested to watch.

First: the notion of $10 a day childcare. Although an interesting proposal ... Currently, parents struggle to find child care at current rates ($600-$700 a month). The problem being if we lower the price and boost the quantity of child care demanded ... How do we satisfy that demand when already childcare provider are in short supply at current rates!

Second, without a doubt, I would expect a large amount of funds to be directed to the Fentanyl crisis. the interesting part to watch is who is going to receive these funds, as I am sure there are many organizations who are jockeying to position themselves to access this. From municipalities (Fire, Police), to addictions and mental health counseling programs, to the greater healthcare system on whole (including BCEHS). I feel the question is not if money is coming for this, but rather who is set to get the money.

Finally; the big topic on many people's minds is housing affordability. This will be one that I am really watching. I have seen a few ideas tossed around between a speculation tax, Short term rental restrictions, "affordable rentals" for low-income families as well as increasing student housing.
All may have differing effects. But I'll be interested to see what is announced.

Your thoughts? Feel free to comment below.

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