Premier Jason Kenney called the situation “uncharted territory” on Monday.
Gas prices will be "roaring lower" in the coming weeks, but budget deficits will be doing the opposite.
Experts argue a sales tax could lessen the province's dependence on shifting oil prices.
The combination of worsening economic conditions and the government's refusal to change course on spending means Alberta will rack up debt more quickly, with a projected budget deficit of $28.9 billion over the next three years. For context, that's roughly 50 per cent more than currently sits in the Heritage Fund, a "nest egg" that took decades to build.
The NDP government of Rachel Notley is showing the rest of Canada, and Newfoundland and Labrador in particular, that when tough times hit, we look after each other. Across the country, the Liberal government of Dwight Ball is showing no such compassion, bringing in tax hikes and service cuts that hurt those with the lowest incomes most.
It's mostly good news, but there are a few concerns.
People don't like paying their taxes in part because the connection between what we pay and the goods and services we receive has been broken. Add to that a massive shift toward a consumer society in which people derive a lot of social standing from what they consume and it's an uphill battle for taxes.
Finance Minister Robin Campbell was joined by five other members from the province's budget committee as he released an analysis
May I suggest that until our government perfects the "field-of-dreams-build-it-and-they-will-come" model of providing education and healthcare, we'll be better off with fewer understaffed schools and hospitals--unless of course the government has figured out how to educate children in teacherless schools and cure the sick in nurseless hospitals.
After the defeat of floor-crosserDanielle Smith in this past weekend's Tory nominations, things have taken a surprising turn