Loading articles...

Liberals took cash from ICBC, Hydro to balance budget: NDP

VANCOUVER (NEWS1130) – The Opposition is accusing the BC Liberals of taking cash from a couple of Crown corporations that raised your rates in order to balance the budget.

The province is getting well-over $450 million from ICBC and BC Hydro; that’s a lot of money, considering the province is projecting a surplus of just $200 million.

NDP Finance Critic Bruce Ralston wants a review, “looking particularly at BC Hydro and the revenue that’s attributed to BC Hydro; BC Hydro needs a thorough examination.”

Ralson points out the Auditor General criticized BC Hydro for deferring debt to future years last year.

“The Auditor General has spoken very strongly about the way in which revenue is attributed to BC Hydro and then to give a dividend to the province. So that process will need a major re-think.”

The province is defending its accounting methods.

Both Crown corporations raised rates last year and BC Hydro is applying for another rate hike this year.

Join the conversation

Please read our commenting policies

Chris

The economy in general around the world is not in the best position. All governments around the world are scrapped. So instead of having a battle between Liberal and NDP in BC along with past performances, the question you should be asking yourself should be: Given the current state of the global economy, is the budget the best solution for BC as a whole.

February 22, 2013 at 8:44 am
Ralph

And who created ICBC….NDP….at least the we know where our money went,God help us if Dix had control of it,more ferry gate??..how a bout a transit gate???

February 21, 2013 at 4:59 pm
    R

    ICBC was a good idea until the greedy Liberals started screwing it up.
    Fast Ferry problem is pennies compared to what the Liberals have cost us.
    Vote NDP, the only hope for BC

    February 21, 2013 at 8:15 pm
      Dean in Abby

      ICBC was NEVER a good idea. Typical socialist crap where they tried to buy an election with a very expensive “freebie”. The rates were never what the actuarials were. Of course it was cheap but we all had to pay for it later after the No Direction Party borrowed tons of money to pay for it. Stupid idea. The Liberals had nothing to do with “screwing it up”. The NDP and their union friends did that.

      February 21, 2013 at 8:41 pm
    not a lib cow

    dont like icbc??? go to alberta (private) and but it………… i was paying under 1000 and over there it was 2306!!!!! 1995 lived anywhere else?…….private sucks

    February 21, 2013 at 10:17 pm