Contingency Funds
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B.C. premier ‘profoundly worried’ about coming wildfire seasonPremier David Eby says he is "profoundly worried" about the potentially "terrible" upcoming wildfire season, a major reason why the province has set aside large contingency funds.EconomyFeb 23, 2024
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New B.C. rules boost minimum strata corporations must put aside for contingenciesUnder the changes, stratas will now have to contribute at least 10 per cent of their annual operating budget expenses every year, up from five per cent.CanadaJan 25, 2023
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Ontario fiscal watchdog projects smaller deficit due to lower than planned spendingThe Financial Accountability Office said it arrived at its $8.1 billion deficit figure after reviewing government spending and finding that the province spent less than planned.PoliticsJul 19, 2022
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Ontario auditor notes huge contingency funds, underestimated tax revenue in PC budget"Understating revenues can create a perception that the government has less revenues available when deciding on programs and initiatives, or annual deficit reduction."PoliticsMay 2, 2022
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