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Budget forecasts a $4.7 billion deficit, the largest in Alberta history. Program spending is up 3.7 per cent, but resource revenue projections are cut in half. There are tax increases for alcohol and tobacco, as well as hikes in education property taxes. Annual coverage of $200 for chiropractic services is eliminated.
Premier: Ed Stelmach, Finance minister: Iris Evans
Premier: Ed Stelmach; Finance minister: Iris Evans
but borrows $4.3 billion to build roads, hospitals and schools. Even though the government is not increasing its overall spending on operations, it Nike Uptempo Gumtree anticipates a $2 billion deficit on revenues of $38.6 billion. The shortfall, coupled with borrowing, means $6.3 billion in red ink. Horner says the $4.3 billion should not be seen as part of the deficit, because the new infrastructure it is paying for is an asset. There are no new or increased taxes, but no extra money for doctors, teachers, nurses or other government workers now in contract talks either.
Good times don last as the world economy takes a beating. By the third quarter update, the province is on track for a $1 billion deficit the first red ink in 15 years. Evans blames $3 billion in investment losses in the Heritage Savings Trust Fund, one of Alberta rainy day accounts.
Premier: Alison Redford; Finance minister: Doug Horner
Deficit Nike Air More Uptempo Qs Chi
There is turmoil in the weeks leading up to the budget. Stelmach announces his plan to step down. There are reports his hand was forced by fiscal hard liners in his Tory party, including Finance Minister Morton, who are unhappy with the string of deficits. Morton promptly resigns to run as Stelmach replacement. Newly named Finance Minister Snelgrove brings down a budget with a deficit of $3.4 billion. Spending is predicted to be $33.9 billion, up 2.2 per cent. Fees go up for car registration, incorporating a business, searching a land title and reserving a camping spot.
Slogan: Striking the Right Balance
on schools, roads and hospitals. The government holds the line on taxes.
Slogan: Building On Our Strength
Premier: Ed Stelmach; Finance minister: Ted Morton
Premier: Ed Stelmach; Finance minister: Lloyd Snelgrove
again forecast to reach $4.7 billion. Spending on health is up 5.6 per cent. Spending on education is up 4.6 per cent. There is a plan to spend $20 billion over three years Nike Air More Uptempo For Sale Size 13
Slogan: Building a Better Alberta
The budget comes at a time when the province is feeling the squeeze from falling oil revenues and a growing population. It holds the line on day to day spending Nike Air Max Uptempo Suede Pack
Premier: Alison Redford; Finance minister: Ron Liepert
Alberta last forecasted surplus budget. Total spending is up 10 per cent to a record $37 billion. Surplus of $1.6 billion. Health premiums, which have generated $1 billion annually, are eliminated to save families $1,056 annually. Alberta Employment Tax Credit increases 10 per cent to save a middle income family with two kids $316 a year. There money to hire 300 more police officers and create 14,000 child care spaces.
A look at the slide Alberta government has taken into the red
Redford first budget is tabled right before a provincial election. It predicts an $886 million deficit, a balanced budget the following year and a $5.2 billion surplus in 2014 15. There are no new taxes, tax increases or cuts to the public service. Social assistance payments increase by an average of five per cent. There money for 90 new RCMP officers and 55 new sheriffs. After the Tories are re elected, talk turns to tough times ahead. that is driving down the price of oilsands crude. By the third quarter update, Alberta is forecasting a deficit of between $3.5 billion and $4 billion.
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