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Greater Victoria, BC News


Date ArticleType
2/15/2010 Media Release
14 Million Remains in Budget for Regional Rapid Transit


IMMEDIATE RELEASE                                                              

February 15, 2010

14 Million Remains in Budget for Regional Rapid Transit

Victoria, BC – Minister Hansen delivered a budget speech today that showed the province remaining committed to rapid transit projects, and holding steady on cost increases across most ministries.

“The budget has continued commitment to rapid transit funding which we are told includes the previously stated funds of $14 million for the rapid transit project in Greater Victoria,” says Bruce Carter, CEO of the Greater Victoria Chamber of Commerce. “That’s good news for our communities.”

Provincial budget staffing also is positive for the region. The budget projected only a minor decrease in staffing across the province in the next three years, and that all through attrition. “Steady staff levels is important to the economy in Greater Victoria, so we are happy to see that decreases in FTEs are not anticipated,” continues Carter. “At the same time, the government is exercising fiscal prudence by committing to net-zero contract agreements through to the end of 2011 to help hold the line on expenses as the recovery continues.”

The budget shows a conservative projection on revenue growth with a government forecast of 2 percent GDP growth next year and 2.6 percent in 2010, lower than most private sector economists. GDP growth is attributed to strengthening economic conditions and a rise in commodity prices.

The Greater Victoria Chamber of Commerce has approximately 1500 members and is the voice of business for the Greater Victoria region. The Greater Victoria Chamber has received Accreditation with Distinction from the Canadian Chamber of Commerce.


For more information contact:

Shannon Renault                                                                       Bruce Carter

Manager Policy Development & Communications                       Chief Executive Officer
Greater Victoria Chamber of Commerce                                      Greater Victoria Chamber of Commerce

Cell  250-812-0510                                                                     Email:

Email:                                                          Cell:  250-889-2271


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