A fund promising to cure all our financial woes promised by Premier Christy Clark in her election campaign two years ago will finally see the light of day just before the next provincial election.
In a mandate letter to the minister of finance, Christy Clark instructs Mike de Jong to table her promised Prosperity Fund in the legislature in the Spring of 2017.
That is also when the next provincial election will be held.
In the 2013 election campaign the Premier said 100-billion-dollars of revenue from her promised LNG industry would flow into the fund.
Clark promised the money would wipe out BC’s debt, reduce taxes on families, and make investments in health care, education, and infrastructure.
However the provincial debt has increased by about nine-billion-dollars since she made the promise under her campaign pitch of debt free BC.
And while momentum has been made on her promised LNG industry there likely won’t be a single facility built by the time the 2017 campaign arrives.