Ponoka News, March 13, 2013

Page 1

Ponoka & District Chamber of Commerce Small Business of the Year 2008 Wednesday, March 13, 2013

Vol. 65, No. 11

403-783-3311

editorial@ponokanews.com

www.ponokanews.com

DEDICATED TO THE PROMOTION OF PONOKA

Alberta joins provinces in debt, again By Jeffrey Heyden-Kaye

Snow flyers: Craig Richards and Duro Baden enjoy the sun and sledding March 10 at the Stampede Grounds. Photo by Jeffrey Heyden-Kaye

The provincial government presented its 2013 budget last week to mixed reception. After warnings from Premier Alison Redford there would be a $6 billion shortfall in oil revenues people braced themselves for the worst. Despite the deficit, the government has $15 billion planned for infrastructure projects over the next three years, including with $5.2 billion this year. The purpose is to prepare for population growth over the next 17 years, said Minister of Finance Doug Horner during the presentation of the budget in the Alberta Legislature March 7. “This tremendous growth will have a significant impact on our province, on our public infrastructure, and on the way we as a government work to meet the needs of this much larger population.” The Alberta government is borrowing $4.3 billion to help pay for the operational deficit of $451 million and to pay for capital projects amounting to $5.2 billion. “That is one messy document,” said Lacombe-Ponoka MLA Rod Fox. “If I ever released something like that to the shareholders of the company I used to work for I would have been fired.” One of the ways the budget has been presented to taxpayers is with separate capital, operating and savings budgets. This separation makes it difficult to determine where cuts and revenue streams are in the ministries, added Fox. “They’re not being clear and transparent with us.” Some of the line items in the budget are unclear as to where funds are actually going and Fox feels taxpayers have a right to know where money is spent. “We have to remember these are Albertans’ tax dollars not the government’s money to do with as they wish,” he stated. Continued on page 2

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