Finance Minister Mike de Jong said he's disappointed with the slow job growth in B.C.

B.C. surplus won’t sweeten teacher offer

Forest fires costly this year, but tax and natural gas revenue have recovered to help boost surplus forecast to $266 million

VICTORIA – The B.C. government has increased its projected surplus for the year to $266 million, up $87 million from the July budget estimate.

Finance Minister Mike de Jong said taxation and natural resource revenue are running ahead of projections, based on results of the first quarter of the fiscal year. That was offset by unexpected costs for flood control this spring and a forest fire season expected to be one of the costliest on record at $350 million.

The budget surplus is enough to provide a a pay increase and other improvements to striking teachers, but what the union is currently asking for amounts to $315 million more than the government is offering, this year and every subsequent year, the finance ministry calculates.

De Jong said giving in to the B.C. Teachers’ Federation demands, including their proposal for class size and special needs support, would equate to an increase of $140 a year for the average personal income tax, or 4.8 cents per litre in gasoline tax.

Increasing the government’s offer or gambling on the results of binding arbitration would have a ripple effect on other public service unions, both those who settled for less and those who still have to reach agreements under the government’s bargaining mandate, he said.

NDP critic Carole James said arbitration in the teacher case isn’t “opening the flood gates.

“In fact binding arbitration when the parties are close, will take a look at the pattern of settlements, will take a look at the money that’s on the table, will take a look at the two parties, and resolve this,” James said.

 

Just Posted

Woodwynn Farms to be shut down and sold

The rehabilitation program at Woodwynn Farms is being shut down. According to… Continue reading

Whooping cough detected in Claremont student

15 Greater Victoria schools have been informed of a student with pertussis since September

Langford loses bid to host Amazon HQ2

Mayor hopes to attract more tech jobs to city

VIDEO: Protesters chain doors shut at DFO office in Saanich

Fish farm protesters removed from Commerce Circle for a second time

Plans in place for Cordova Bay mixed-use residential and commercial development

Staff approve proposal for 91 residential units and 46,797 square feet of mixed-use for Cordova Bay

WATCH: Giant waves smash Ucluelet’s Amphitrite Point

Folks made their way to Ucluelet’s Amphitrite Point Lighthouse on Thursday, Jan.… Continue reading

Jury convicts spear-wielding Duncan man in 2015 Ladysmith RV park murder

Trever George Meers used a handmade spear to stab Rayna Johnson at the Campers Corners RV Park

Students frustrated by UBCO response to harassment allegations

Students on the Kelowna campus were unaware of resources and worried about lack of communication

No crackdown, just education as BC Ferries enacts smoking ban

Fines and extra patrols not happening at this time as ban begins Monday

Funding brings more tech spaces to UVic and Camosun

Students can look forward to the addition of hundreds of tech-related seats… Continue reading

Facing reality of death, B.C. man learns real meaning of life

Even while preparing for the end, something inside Keven Drews won’t let him stop living

Late charge in Portland sees Victoria collect third straight WHL win

Matthew Phillips leads the way with three-point night in 4-2 win, Giants up next

Richmond, Uplands will need seismic upgrades to reopen

Richmond elementary could be replaced with new building, if needed

Most Read