08/27/2013 02:03 EDT | Updated 10/27/2013 05:12 EDT

Alberta Flood Recovery Should Be Paid For With Annual Spending Money: Taxpayers Group

A footbridge is torn apart by the flooding at Elbow River, in Calgary,Alberta, Canada June 22, 2013. AFP PHOTO/DAVE BUSTON (Photo credit should read DAVE BUSTON/AFP/Getty Images)

CALGARY - The Canadian Taxpayers Federation is recommending some drastic measures to help pay for the billions of dollars in flood damage suffered in Alberta earlier this year.

Alberta director Derek Fildebrandt says the unexpected cost is expected to grow the province's consolidated deficit by $7 billion in the next three years.

The group is calling on the Alberta government to reallocate $4.4 billion in annual spending away from pre-flood commitments in order to pay for rebuilding.

Fildebrandt says a key component would be rolling back the salaries of provincial employees by six to 10 per cent.

The federation also wants Albertans to be required to have mandatory flood insurance in the future.

A spokesperson with Alberta Municipal Affairs could not be immediately reached for comment.

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