British Columbia Auditor General reports improved income tax revenue forecasting, reducing $1B+ annual errors.

British Columbia Auditor General Michael Pickup reports that the provincial government is now using more up-to-date information to forecast income tax revenue, which should improve financial estimates that have been off by over $1 billion annually in recent years. According to Pickup's audit of the government's 2022-2023 financial statements, this change should reduce the size of adjustments made to tax revenue estimates, which have been "frequently off target" over the past decade.