BC’s Finance Minister has delivered the second Quarterly Report for 2015.
Citing troubling signs gathering outside BC, Finance Minister Mike de Jong says the year-end surplus for 2015 to 2016 is down $12 million dollars from the first quarter forecast.
It is now projected at $265 million.
Also down: taxpayer supported debt, which is $204 million dollars lower.
de Jong is defending the Production Services Tax Credit enjoyed by international film-makers saying he resisted pressure to “adjust upwards.”
As a result he says film and TV producers are continuing to shoot here.
“They talk firstly about the quality of the crew, the people, the advantages of the location, they talk about the tax credit, ”
“And today they increasingly talk about the currency rates, all of which combine to make this a very attractive place to do film and television production.”
It wasn’t all about the numbers, however: de Jong starting his presentation paying tribute to Alberta MLA Manmeet Bhullar.
He was killed last night in a traffic incident.
He described Bhullar as a young man of unique talent, and a passion to serve.