BC Budget 2017: Co-ops Key to Powering Economic Sustainability

| Community, Government

VICTORIA – The BC Co-operative Association applauds the Provincial Government for seeing co-operatives as key to building a sustainable provincial economy.

BCCA Board Chair Ben Hyman and Vice Chair John Kay were in attendance at the Budget 2017 Update yesterday where Finance Minister Carole James announced that the forecasted surplus of $256 million in 2017-18 would be used to improve affordability and services, as well as to build a stronger, innovative economy for all BC residents.

An excerpt from the Government’s priorities for the BC Budget surplus stated:

“Our first commitment is to make life more affordable …Our second commitment is to deliver the services that people count on…Our third key commitment is to build a strong, sustainable, innovative economy that works for everyone.”

The BCCA commends the Government for restoring the tax benefit for credit unions. The BCCA also applauds the Government for recognizing that housing co-ops are a key component of affordable housing. The BCCA looks forward to working with the Minister of Finance and her colleagues to demonstrate how co-ops support BC as an ideal place to learn, work, live, and invest.

Updates, highlights, and further details on the Budget 2017 Update can be found here: http://bcbudget.gov.bc.ca/2017_Sept_Update/default.htm.