Contents

•  Attestation by the Secretary
•  Summary
•  Part One: A Budget for Climate Action
  •  Summary
  •  Carbon Tax and Revenue Recycling
  •  Existing Climate Action and Related Initiatives in BC: A Track Record of Action
  •  Budget 2008: Expenditure to Support Climate Action
  •  Looking Ahead
  •  Topic Boxes:
    •  A Climate Change Backgrounder
    •  What is Taxed - the Carbon Tax Base
    •  A Revenue Neutral Carbon Tax Plan
    •  What Can I Do to Reduce Carbon Emissions?
    •  "Cap and Trade" System for Large Emitters
    •  BC as a Climate Action Leader: A Comparison with Other Jurisdications
•  Part Two: Three-Year Fiscal Plan
  •  Introduction
  •  Consolidated Revenue Fund Spending
  •  Expenses Recovered from External Entities
  •  Service Delivery Agency Expenses
  •  Revenue
  •  Commercial Crown Corporation Income
  •  Full-Time Equivalents
  •  Capital Spending
  •  Provincial Debt
  •  Risks to the Fiscal Plan
  •  Topic Boxes:
    •  Capital Financing and Debt Management
    •  Building on British Columbia's Strengths
•  Part Three: Tax Measures
  •  Tax Measures — Supplementary Information
  •  Revenue Neutral Climate Action Initatives
  •  Other Climate Action Initatives
  •  Other Revenue Measures
  •  Victoria Regional Transit Commission Tax Increased by 1 Cent Per Litre
  •  Topic Box:
    •  Provincial Sales Tax Review
•  Part Four: British Columbia Economic Review and Outlook
  •  Summary
  •  Recent Developments
  •  The Outlook for the External Environment
  •  Financial Markets
  •  The British Columbia Economic Outlook
  •  Risks to the Economic Outlook
  •  Topic Box:
    •  The Economic Forecast Council, 2008
•  Part Five: 2007/08 Updated Financial Forecast (Third Quarterly Report)
  •  2007/08 Fiscal Year in Review
  •  Changes since the Second Quarterly Report
  •  Capital Spending and Provincial Debt
•  Appendices
  •  Table A1 Tax Expenditures
  •  Table A2 Interprovincial Comparisons of Tax Rates
  •  Table A3 Comparison of Provincial and Federal Taxes by Province
  •  Table A4 Interprovincial Comparisons of Provincial Personal Income Taxes Payable
  •  Table A5 Summary of Revenue Measures from July 30, 2001 to February 19, 2008
  •  Table A6 Operating Statement 2004/05 to 2010/11
  •  Table A7 Revenue by Source 2004/05 to 2010/11
  •  Table A8 Expense by Function 2004/05 to 2010/11
  •  Table A9 Service Delivery Agency Operating Results 2004/05 to 2010/11
  •  Table A10 Material Assumptions - Revenue
  •  Table A11 Natural Gas Price Forecasts: 2008/09 - 2010/11
  •  Table A12 Material Assumptions - Expense
  •  Table A13 Full-Time Equivalents (FTEs) 2004/05 to 2010/11
  •  Table A14 Capital Spending 2004/05 to 2010/11
  •  Table A15 Statement/Changes in Financial Position 2004/05 to 2010/11
  •  Table A16 Provincial Debt Summary 2004/05 to 2010/11
  •  Table A17 Key Provincial Debt Indicators 2004/05 to 2010/11