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
