B.C. lowers deficit projection to $11.2 billion on higher quarterly tax revenues

VICTORIA — The British Columbia government says it's now projecting an $11.2 billion deficit this fiscal year, still a record but down from a projected $11.6 billion in its last quarterly report.The Ministry of Finance says in its latest quarterly report released today that the province is projecting revenues to be $512 million more than previously forecast due to more corporate and personal income taxes.But the report says other tax revenues are down, including $150 million less from prop