The province is projecting a $5.2-billion deficit, but is offering income tax cuts that will pull more than $1-billion from provincial coffers
Premier Danielle Smith defended the massive income-tax break in Alberta ’s proposed 2025 budget on Friday while critics accused her of giving with one hand while taking with the other.
Calgary Mayor Jyoti Gondek criticized the move Friday, saying homeowners in the city will be forced to foot a disproportionate amount of the bill. Smith said the influx of newcomers to Alberta, with most of them landing in Calgary and Edmonton, means the residents of those cities will benefit most from new schools being built. Last year, the province promised $8.6-billion over three years to build new schools in response to record migration to Alberta.“To be able to have a little bit of support from the communities that are going to be the greatest beneficiaries of that new construction is part of what we had in mind.
The budget, which still has to be approved by legislators, projects a $5.2-billion deficit while offering income tax cuts that will pull more than $1-billion from provincial coffers.
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