As British Columbians, we enjoy fantastic quality of life. We’ve come to expect the benefits of quality education for our children; world-leading health care services that meet the needs of an aging population; and safe, efficient and regularly renewed bridges, transit and other public infrastructure.
But none of that comes cheap, and all of it depends on tax revenues that are created by private investment and private economic activity. Pacific Northwest LNG has already contributed to public revenues through its significant spending during its proposal phase, and those contributions will ramp up significantly when construction begins.
And once in operation? Total tax and royalty contributions to all three levels of government are expected to be $1.3 billion annual. That’s a huge infusion of public revenues that will significantly improve our ability to pay for vital public services in BC without incurring debt.