"TAXCAP" A CONSTITUTIONAL LIMIT
TO TAXES, SPENDING AND BORROWING
BY PETER B. MACDONALD
FORMER LEADER OF THE B. C.
CONSERVATIVE PARTY
FROM JULY 30, 1991 TO APRIL 19, 1997
Copyright Peter B. Macdonald (c)
1993
August 17, 1993
TAXCAP is a politically neutral,
voter approved method to limit the
taxing and borrowing powers of our
Provincial Government to a fixed
percentage of the Provincial Gross
Domestic Product.
THE HISTORY OF THE PROVINCE OF BRITISH COLUMBIA
SPENDING AS A PER CENT OF THE GROSS PROVINCIAL PRODUCT (GPP)
|
BUDGET
YEAR
|
SPENDING
$
|
GPP
$
|
"TAXCAP"
RATIO
|
PROV
GROSS
DEBT
|
|
1998/9
|
|
|
|
|
|
1997/8
|
|
|
|
|
|
1996/7
|
|
|
|
|
|
1995/6
|
|
|
|
|
|
1994/5
|
|
|
|
|
|
1993/4
|
18,995,000,000
|
90,000,000,000
|
21.11%
|
|
|
1992/3
|
17,980,000,000
|
88,797,000,000
|
20.25%
|
|
|
1991/2
|
16,545,000,000
|
83,383,000,000
|
19.84%
|
|
|
1990/1
|
15,260,000,000
|
80,706,000,000
|
18.91%
|
|
|
1989/0
|
13,487,000,000
|
76,921,000,000
|
17.53%
|
|
|
1988/9
|
11,835,000,000
|
69,514,000,000
|
17.03%
|
|
|
1987/8
|
10,220,000,000
|
62,876,000,000
|
16.25%
|
|
|
1986/7
|
9,643,000,000
|
57,342,000,000
|
16.82%
|
|
|
1985/6
|
9,056,000,000
|
54,499,000,000
|
16.62%
|
|
|
1984/5
|
8,390,000,000
|
51,119,000,000
|
16.41%
|
|
|
1983/4
|
8,445,000,000
|
48,151,000,000
|
17.54%
|
|
|
1982/3
|
7,689,000,000
|
46,115,000,000
|
16.67%
|
|
|
1981/2
|
6,636,000,000
|
44,691,000,000
|
14.85%
|
|
|
1980/1
|
6,153,000,000
|
38,239,000,000
|
16.09%
|
|
|
1979/0
|
4,567,000,000
|
33,360,000,000
|
13.69%
|
|
|
1978/9
|
4,280,000,000
|
28,732,000,000
|
14.90%
|
|
|
1977/8
|
3,830,000,000
|
25,647,000,000
|
14.93%
|
|
|
1976/7
|
3,615,000,000
|
22,990,000,000
|
15.72%
|
|
|
1975/6
|
3,378,000,000
|
19,486,000,000
|
17.34%
|
|
|
1974/5
|
2,639,000,000
|
17,437,000,000
|
15.13%
|
|
|
1973/4
|
2,096,000,000
|
14,709,000,000
|
14.25%
|
|
|
1972/3
|
1,452,000,000
|
11,880,000,000
|
12.22%
|
|
|
1971/2
|
1,301,000,000
|
10,349,000,000
|
12.57%
|
|
|
1970/1
|
1,165,000,000
|
9,317,000,000
|
12.50%
|
|
|
1969/0
|
1,024,000,000
|
8,871,000,000
|
11.54%
|
|
|
1968/9
|
866,000,000
|
7,789,000,000
|
11.12%
|
|
|
1967/8
|
739,000,000
|
7,113,000,000
|
10.39%
|
|
|
1966/7
|
657,000,000
|
6,538,000,000
|
10.05%
|
|
|
1965/6
|
446,000,000
|
5,843,000,000
|
7.63%
|
|
| 1960/1 |
331,000,000
|
3,933,000,000
|
8.42%
|
|
DATE OF PREMIER INSTALLATION TO OFFICE
M. Harcourt - 17/Oct./1991
R. Johnson - 2/Apr./1991
W. VanderZalm - 8/Aug./1986
W. Bennett - 22/Dec./1975
D. Barrett - 15/Sep./1972
W.A.C. Bennett - 1/Aug./1952 |
