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What does Alberta's Budget 2015 mean for Edmonton? - MasterMaq.ca Blog
Today was budget day in Alberta. Budget 2015 is being called "a bad news budget" but it could have been much worse. There are tax and user fee increases, cuts to spending (including the first cut to health spending in 20 years), and a new "Health Care Contribution Levy", and still Alberta's deficit will grow, to a record $5 billion this year. On the other hand, infrastructure spending seems to be mostly intact, programs for the most vulnerable have not been cut, Alberta retains its tax advantage, and the Province is taking some baby steps toward getting us off the energy price roller coaster. Here is Dave's take. There's a lot of truth to the "government town" label that people often apply to Edmonton, so any Provincial cuts are going to have an impact. According to the City's chief economist John Rose, 22% of Edmonton's employment is related to health care, education, or public administration. Still, Rose said in recent weeks that Edmonton as a whole would weather the storm better