Green factor explains disappearance of big-ticket promises in BC budget: James


James outlined B.C.'s continued strong economic performance, much of it driven by booming construction and taxes from increasing employment in urban areas.

- Reduction in small business corporate income tax rate to two per cent, from 2.5 per cent.

"We believe those at the top can pay a little bit more to be able to contribute to the services and programs that need to be provided for all British Columbians and that benefit all British Columbians", she said.

For Kyllo, a major concern is the NDP's decision to scrap the requirement that the carbon tax to be revenue-neutral. The first increase takes effect April 1, 2018 and the tax will rise to $50 a tonne by 2021.

"The NDP is looking at all of the carbon tax to apply funding to their pet projects", he said.

Public accounts figures released in late August indicate the province finished off the past fiscal year with a $2.7-billion surplus.

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The budget commits to spending $208 million over four years to build about 1,700 units of affordable rental housing.

Housing affordability ranked among the highlights of the NDP's new budget, with several items the government says will help make life more affordable.

Green Leader Andrew Weaver says he was thrilled the government's election promises of $10-a-day daycare and a $400 annual renter rebate were not detailed in the NDP's first budget.

James also acknowledged that the NDP's promise of a $400-a-year rebate for renters is also still in development, despite a promise to implement it immediately.

Today's budget update will mark the first time Horgan's government has put forward a financial plan, and James has downplayed the announcement, saying September is when most governments begin work on full budgets that are presented in February. Provincial sales tax on electricity purchases will also be eliminated.

- Personal income tax rate of 16.8 per cent on taxable income over $150,000, up from 14.7 per cent.