EDMONTON — The Alberta government tabled its budget on Thursday. Here are some of the highlights:
— $5.2-billion deficit with deficits in following two years
— Taxpayer-supported debt to reach $93 billion
— Debt-servicing costs at $3 billion
— Overall spending up to more than $79 billion with more money for contingencies, tariffs and disasters
— Kindergarten to Grade 12 school spending up to almost $10 billion
— Education property taxes rising over six per cent for home and business property owners
— $26 billion for capital projects including schools, hospitals and other health-care facilities, and highways.
— $1 billion for personal income tax cuts.
— $106 million over three years for downtown Edmonton revitalization near Edmonton Oilers arena
— Personal income tax revenue to fall to $15 billion, corporate tax revenue down to $7 billion
— Population growth moderate but still rising at 2.5 per cent
This report by The Canadian Press was first published Feb. 27, 2025.
The Canadian Press
