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Red Deer Advocate FRIDAY, MARCH 7, 2014
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Pouring on the debt ALBERTA BUDGET SHOWS $1.1B SURPLUS, BUT BILLIONS BORROWED FOR INFRASTRUCTURE BY DEAN BENNETT THE CANADIAN PRESS EDMONTON — Alberta is back in the black when it comes to day-to-day spending, but the good times are being underwritten with billions of dollars in debt, which is now at $14 billion and rising. The province will run a consolidated surplus of $1.1 billion, the first surplus in six years, in the 2014-15 fiscal year, Finance Minister Doug Horner
BUDGET REACTION A6 said Thursday. There will be no new taxes and no tax increases, and Alberta will retain its status as Canada’s only province without a sales tax. There is money for 40 more Mounties, 50 new schools and 2,000 new spaces for post-secondary students. And there is cash to complete twinning of the overburdened and dangerous highway to the oilsands hub of Fort
McMurray. Horner said the province is also earmarking $1.1 billion over the next three years to help Calgary and southern Alberta recover from last year’s extensive flooding. But Alberta is projected to rack up $14.5 billion in debt this year and $21 billion by 2017 — most of it for roads, schools and hospitals for the tens of thousands of newcomers arriving each year. Horner said it doesn’t make sense to dip into Alberta’s savings accounts
— pegged to reach $24 billion this year — when they’re making an 11 per cent return on investment while borrowing costs are less than four per cent. “This is the right financial plan for the current situation, with interest rates at 50-year lows,” Horner said before delivering the budget speech in the legislature. “If we don’t do this, then you stymie the growth in your economy.”
Please see BUDGET on Page A6
QUEENS ADVANCE TO SEMIS
2012 OIL SPILL
Ottawa weighs charges BY PAUL COWLEY ADVOCATE STAFF Provincial and federal investigators are considering whether to lay charges against Plains Midstream Canada for its role in a 2012 oil spill on the Red Deer River near Sundre. “Environment Canada’s Enforcement Branch has an ongoing investigation into this incident to determine if a contravention of federal environmental legislation has occurred, and continues to work in co-operation with provincial regulatory authorities,” confirmed department spokesman Danny Kingsbury in an email on Thursday. “As the investigation is ongoing, it would be inappropriate to comment further.” Alberta Environment also confirmed that its investigation continues into the company, which is based in Houston with its Canadian head office in Calgary.
Contributed photo
The Red Deer College Queens celebrate a point against the Capilano College Blues of North Vancouver during their opening match of the Canadian Colleges Athletic Association women’s volleyball championship in Toronto. The Queens pulled out a victory to advance into today’s semifinal against the Vancouver Island University Marineers of Nanaimo. The semifinal is at 4 p.m. local time. See related story on page B3.
Please see CHARGES on Page A2
Red Deer facilities good enough for Winter Games bid ALPINE SKIING, BADMINTON VENUES ONLY CONCERN
Red Deer is one step closer to being Alberta’s third city to host the Canada Winter Games. Lyn Radford, the city’s games bid committee chairperson, has received word that Red Deer’s facilities are good enough to move the community
WEATHER Sun and cloud. High -2. Low -10.
FORECAST ON A2
to the next stage of bidding for the 2019 Canada Winter Games. Radford received the technical review committee report from the Canada Winter Games Council on Wednesday. “We’re excited,” said Radford. “Sounds like we have a lot more work to do but it’s always exciting to be able to sell this great community.” Radford said there were few sur-
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prises in the report, which provided feedback on the Red Deer facilities and venues earmarked for the games. Radford said some of the concerns were already raised during the technical visit in early February. Red Deer proposed substituting ski cross for the Super G alpine event in the games because Canyon Ski Hill does not have the mandatory vertical height to host the event.
Radford said the committee must go back to the drawing board to look at how to bring the ski hill up to standard because the ski cross option was not accepted. “In the areas that we were non-compliant, we have the opportunity to resubmit in the second phase and they will rescore us on it,” said Radford.
Please see GAMES on Page A2
Canada celebrates screen stars Martin Short hosts the Canadian Screen Awards, airing Sunday on CBC television.
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