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  1. Embed this notice
    Seahorses are horses (piss_ant@spinster.xyz)'s status on Thursday, 15-Jun-2023 06:06:39 JST Seahorses are horses Seahorses are horses
    Can someone please explain to me why BC had to spend all of its $5B surplus and couldn't say, paid off debts, loaned it to the federal gov, planned to use it longer term on a public service?

    https://biv.com/article/2023/03/rob-shaw-bc-has-11-days-left-spend-all-its-unprecedented-surplus-it-likely-cant
    In conversation Thursday, 15-Jun-2023 06:06:39 JST from spinster.xyz permalink

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    1. Domain not in remote thumbnail source whitelist: biv.com
      Rob Shaw: B.C. has 11 days left to spend all of its unprecedented surplus. It likely can't
      The B.C. government has embarked on an unprecedented spending spree over the past four months, shovelling billions of dollars of an unexpectedly large budget surplus out the door to community groups, transit organizations and municipalities.
    • Embed this notice
      Notgonnastop (notgonnastop@spinster.xyz)'s status on Thursday, 15-Jun-2023 06:19:45 JST Notgonnastop Notgonnastop
      in reply to
      @Piss_Ant From the wording in the article, it appears it must be _spent_, not allocated, so it couldn't be used for longer term/future projects that wouldn't actually spend it before the last day of the fiscal year. It does say unspent funds at the end of the fiscal year by law then goes to pay down provincial debt.
      In conversation Thursday, 15-Jun-2023 06:19:45 JST permalink
      Seahorses are horses likes this.
    • Embed this notice
      Seahorses are horses (piss_ant@spinster.xyz)'s status on Thursday, 15-Jun-2023 06:19:45 JST Seahorses are horses Seahorses are horses
      in reply to
      • Notgonnastop
      @Notgonnastop Is it not beneficial to pay off provincial debt?
      In conversation Thursday, 15-Jun-2023 06:19:45 JST permalink
    • Embed this notice
      Caffosaurus☕?:mayo: (fullycaffeinated@spinster.xyz)'s status on Thursday, 15-Jun-2023 06:24:30 JST Caffosaurus☕?:mayo: Caffosaurus☕?:mayo:
      in reply to
      • Notgonnastop
      @Piss_Ant @Notgonnastop It absolutely is. Saves on interest payments.
      In conversation Thursday, 15-Jun-2023 06:24:30 JST permalink
      Seahorses are horses likes this.
    • Embed this notice
      Seahorses are horses (piss_ant@spinster.xyz)'s status on Thursday, 15-Jun-2023 06:26:10 JST Seahorses are horses Seahorses are horses
      in reply to
      • Caffosaurus☕?:mayo:
      • Notgonnastop
      @Fullycaffeinated @Notgonnastop OK that's what I assumed lol. Silly billies.
      In conversation Thursday, 15-Jun-2023 06:26:10 JST permalink

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