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Greater Victoria, BC News

ARTICLE

Date ArticleType
2/19/2013 Media Release
Balanced Budget Approach – Appropriate

 

MEDIA RELEASE

FOR IMMEDIATE RELEASE

Balanced Budget Approach – Appropriate

February 19, 2013 – Victoria, BC – In difficult financial times the government has taken a balanced and modest approach in curbing spending, increasing taxes and continuing to invest in our future.  The increase in corporate taxes of 1% allows BC to remain competitive and the small business tax rate remains unchanged. The important role small business plays in our economy is clear.

The investment in a number of programs will benefit our economy in the long term in particular investments include:

  • Childcare
  • Education
  • Transportation

Asset disposal creates an entrepreneurial opportunity. The underperforming of dormant assets held by the province will likely be a catalyst for increased investment. The private sector is best positioned to re-invigorate dormant assets.

The elimination of the Light Industrial School tax credit is unfortunate as this sector is incredibly important to our economy and the revenue is relatively small.

“The provincial government is faced with limited options in these challenging economic times. The balanced approach avoiding drastic measures in either service cuts or tax increases is laudable,” said Bruce Carter, Victoria Chamber CEO.

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For more information contact

Oriane Fort                                                                                           Bruce Carter
Policy & Communications Coordinator                                           CEO
Greater Victoria Chamber of Commerce                                         Greater Victoria Chamber of Commerce
Email: ofort@victoriachamber.ca                                                    Email: bcarter@victoriachamber.ca
Phone: (250) 360-3477                                                                      Phone: (250) 360-3470

 

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