B.C. probing fiscal fitness of Crown corporations, schools in upcoming review

The province is moving to review the fiscal fitness ofCrown corporations and other provincially-funded schools, universities, colleges and health sector operations.

The public sector review was announced by finance minister Carole James, who said the information will help develop the 2018 budget and a funding plan for the next three years.

"My expectation is that the review will give [the] government a better picture of the risks, finances and fiscal forecasts," she said in a release.

"Every additional dollar that is carefully managed can be used to help make life more affordable for people."

Crown corporations under review willinclude:

• BC Hydro
• BC Lottery Corporation
• Liquor Distribution Branch
• Insurance Corporation of British Columbia
• BC Housing Management Commission

According to the release, the province will hire independent consultants to help assess financial information.