British Columbia auditor general Michael Pickup says the provincial government is using more up-to-date information to forecast income tax revenue, something he expects to improve financial estimates that have routinely been off by more than $1 billion every year.
He says in an audit of the government’s 2022-2023 financial statements that the change should reduce the size of adjustments to estimates of tax revenue which he says have been “frequently off target” for the last decade.
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