Alberta's Budget: Massive Deficit, Tax Hikes
Edmonton News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Albertas government unveils a budget with a massive deficit, projecting a nine billion four hundred million dollar shortfall in fiscal twenty twenty-six. The province faces a tough pill ahead, as the plan breaks its own rules for capping deficits and forcing surpluses within three years. Non-renewable revenues are down, and taxpayers will feel the pain with hikes to education property taxes and new taxes on vehicle rentals. Expenses are climbing, driven by health care, education, and social services. Debt will swell by thirty billion dollars over two years, but credit ratings remain solid.
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