Saturday, May 5, 2018

Local Gov't Financial Impact of new BC Employer Health Tax

Courtesy of the Union of BC Municipalities (UBCM):

UBCM recently surveyed local government financial officers to assess the impact of the employer health tax (EHT) on local government. Based on input provided, it is evident that there will be a wide variance of impact on local governments, with 29% seeing net reductions in Medical Services Plan (MSP) related costs and 71% seeing cost increases. Taken as a whole, the survey respondents will see MSP related costs double between 2017 and 2020

To view the survey results - click here

Editor's Notes -- 

1) At the May 2nd Cariboo Regional District Board of Directors' Meeting, at my request -- the Cariboo Regional District will join the City of Maple Ridge and the District of Barriere is sending letters of concern to the Provincial Government about the financial impacts on local government budgets as a result of the new BC Employer Health Tax applying to all local governments in British Columbia

2) Financial Impacts of the new Employer Health Tax on Cariboo-Chilcotin Local Governments, that are currently known, are as follows:

Local Government
2017 MSP
2018 MSP 
2019 MSP Premiums and Employer Health Tax
2020 Employer Health Tax
Williams Lake
Cariboo RD

No comments: