Its a pity that Calgary Mayor Naheed Nenshi is busy picking fights with the provincial government and local homebuilders. His Worship seems preoccupied with the province over his desire to have a city charter that would allow him to tax more.
government spending
February 26, 2013
2:00AM
Having spent itself into a considerable deficit problem, the Alberta government seems to be considering a sales tax as part of its plan to dig provincial finances out of the red (or at least theyre trying to start a discussion to that end). The alternative, were led to believe, is fewer and lower-quality public services due to obligatory spending cuts. A closer look at the facts suggests thats not the only option available.
Instead, they could choose a win-win scenario that improves health care while reducing waste and inefficiency.
February 21, 2013
2:00AM
The red-ink budgets that have engulfed Alberta since the last recessionAlbertas Finance Minister Doug Horner just announced this years deficit could hit $4-billion are not accidental. Such red ink is not just the result of weaker resource revenues, as Alberta Premier Alison Redford regularly claims.
February 18, 2013
2:00AM
Going by Finance Minister Mike de Jong's public comments, Tuesday's provincial budget is supposed to present a plan to finally balance the books. But after four consecutive years in the red, British Columbians can't yet breathe a collective sigh of relief. Critically important is how Minister de Jong plans to eliminate the deficit. Will he take the path of tax increases or spending reductions?
February 5, 2013
2:00AM
Even Greece, the poster child for rampant debt, carried an Ontario-style debt load as recently as 1984
Don Drummond (2012) Commission on the Reform of Ontarios Public Services
February 5, 2013
2:00AM
I do not want Ontario to become like California Finance Minister Dwight Duncan once proclaimed. And it's not hard to understand why, California is a fiscal nightmare. It has the lowest bond rating in the United States and its own Treasurer, Bill Lockyer, referred to the state budget as "a fiscal train wreck." Yet, despite all that is said about California's finances in the media and financial markets, there is a Canada province that is in much worse shape. Welcome to Ontario.
January 26, 2013
2:00AM
When Alberta Premier Alison Redford took to the television screen the other night, she paid much attention to the revenue side of the government's books. On Alberta's massive budget deficit, the premier blamed the below-world price that Alberta-based companies receive for oil.
January 24, 2013
2:00AM
More than three years after the end of the recession and Albertas provincial government continues to struggle with deficits, which as of the last quarterly update could reach $3 billion. Relying on revenues to rebound enough to catch up with spending just doesnt work as Albertas own history aptly demonstrates. Similarly, municipalities across the province continue to struggle to find sufficient resources for infrastructure needs while balancing their books.