Vaughn Palmer: Why B.C.'s premier is in a rush to spend, spend spend
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Together those three items — and there were some smaller ones — pushed the total commitments past the $2 billion mark, or about 35 per cent of the projected budget surplus for the fiscal year ending March 31.This advertisement has not loaded yet, but your article continues below.The fund is not application-based for the simple reason that there is no time to solicit applications, vet them, and deliver the money into the hands of the municipalities before the March 31 cutoff.
Also based on “the growth in the city or the regional district between the two census periods of 2016 and 2021, and making sure that the distribution is fair among cities. So it’s a combination of the population and the growth in the population.”Article content This is the carrot-side of the NDP drive to expedite municipal approval of housing projects. The stick side was last fall’s Housing Supply Act, which allows the cabinet to override local government on needed housing.“We have provincial infrastructure grant programs where cities have applied for funding,” explained Eby.Article content
In exchange the municipalities will have to account for the money being spent for the intended purposes.“Beyond the expectations we have about how the money is to be used, cities and regional districts will have to put the money into a segregated account to make sure that they are accountable.” Into the hands of the public, in the case of the affordability credits. To non-profit agencies, in the case of the rental protection fund. Or to municipalities, in the case of the infrastructure fund.
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