Posted Oct 7, 2016, 3:22 PM
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A hole being Doug
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Join Date: Dec 2013
Posts: 498
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They'll pay down debt on paper, but it's a lie.
They just take cash out from Crown Corporations like BC Hydro or ICBC, and leave a debt on those books. Just like all the Public-Private-Partnerships have debt that isn't counted officially on the Province's books, even though the Port Mann bridge is a blackhole sucking up transportation funding. The truth is it's their debt if they can't stop making payments on it.
If it weren't for real estate taxes, the picture would be terrible. Mining, forestry, oil&gas... not contributing what they used to, Clark's number one priority and grand vision of LNG that she campaigned on is literally a big fat zero. She wouldn't be closing schools ahead of an election if the situation weren't a disaster
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