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BR ALTAbudget Highlights – CP

by ahnationtalk on March 17, 2017140 Views

Source: The Canadian Press – Broadcast wire
Mar 17, 2017 

EDMONTON – The Alberta government has released a budget that banks on the province’s economy rebounding from recent hard times.

Here are some of the highlights:

— Revenue is forecast to hit $45 billion.

— The deficit is pegged at $10.3 billion.

— Tax revenue is forecast at $21.8 billion, up almost 6 per cent from year prior.

— Bitumen royalties are estimated at $2.5 billion while conventional oil royalties are pegged at $476 million.

— Operational spending is growing by 2.2 per cent.

— There is $4.5 billion earmarked over the next four years for infrastructure, including $100 million in new money to help First Nations get access to clean water.

— A new hospital in Edmonton at a cost of $400 million.

— A new continuing care centre in Calgary at a cost of $131 million.

— Red Deer is getting a new court house at a cost of $97 million.

— There is $14.5 million in the budget to hire more Crown prosecutors and support staff.

— Education funding hits $8.2 billion with money for 10 new schools and 16 more replacements and modernizations

— There is $566 million over the next three years for a variety of programs to help lower energy bills, such as low-energy light bulbs.

(The Canadian Press)



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