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B.C. will match $1 billion from Ottawa to help jump start the pandemic economy

Last Updated Jul 22, 2020 at 3:29 pm PDT

FILE - B.C. Premier John Horgan provides the latest update on the COVID-19 response in the province during a press conference from the rose garden at Legislature in Victoria, B.C., on Wednesday, June 3, 2020. THE CANADIAN PRESS/Chad Hipolito
Summary

B.C. matching $1 billion from federal government to help restart economy amid COVID-19 pandemic

The money will support local governments and transit operators that have revenue shortfalls caused by COVID-19

VICTORIA — The provincial government says it is matching $1 billion in federal government money to address the impacts of COVID-19 and help restart the economy.

Premier John Horgan says in a news release the funding will secure some of B.C.’s share of the federal government’s $19-billion “Safe Restart” plan for the country.


It says the money will support local governments and transit operators that have revenue shortfalls created by the pandemic.

RELATED: TransLink ridership rebounding from pandemic lows

Finance Minister Carole James says the federal government’s restart program also includes funds to support health care, child care, vulnerable populations and a sick leave program.

James introduced the supplementary estimates in the legislature Wednesday for up to $1 billion to fund the province’s portion of municipal and transit services help, depending on the outcome of further federal cost-share discussions.

James announced last week that B.C. forecasted budget had gone from a surplus to an expected deficit of $12.5 billion because of the pandemic.

Horgan has said the province expects at total $2.2 billion in federal transfers to B.C. under the federal agreement.