City won’t feel budget squeeze

Other levels of government may be feeling the pinch, but the City of St. Albert isn’t getting squeezed.

City manager Patrick Draper presented a report to city councillors Monday evening at a regular meeting of the Standing Committee on Finance, saying that, despite the Alberta government dealing with multibillion-dollar deficits and the federal government making changes to several programs, the City shouldn’t feel too many adverse effects.

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No surprises good news for city funding

For city officials, there were no surprises. But this week’s federal budget offered good news for Lethbridge just the same.

Renewal of the government’s Building Canada Fund means the city can apply for grants for more new projects. Deputy Mayor Tom Wickersham notes current projects benefitting from that program include twin-ice arenas and curling club about to be built on the westside, the North Scenic Drive extension now underway and the new community arts centre nearing completion.

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No tax cuts, little new spending in federal budget

Canadians will see little new spending out of the federal government this year as it attempts to stay on target to eliminate the deficit by 2015, with even a heavily promoted focus on skills development relying on money that was previously committed. But to keep to that deficit-slaying plan the Conservative government is relying in part on booking $6.8 billion by 2018 in tax revenue now lost to tax loopholes and cheating.

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Federal budget will benefit region: Warkentin

Grande Prairie’s MP and the Minister of Public Works and Government Services agree that the 2013 federal budget will leave a glowing effect on northern Alberta.

“It’s great news for Alberta,” said Rona Ambrose, Minister of Public Works and Government Services. “This budget, frankly, is an Alberta budget. First and foremost we’re balancing the budget on time. There isn’t a lot of new spending, but the spending we have invested is to promote jobs and trade.”

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Alberta should be back in black by 2014-15, government predicts in budget

EDMONTON – Alberta’s six-year deficit streak should end in 2014-15 with a $555-million surplus, according to calculations based on the government’s three-year financial blueprint.

The 2013-14 budget released Thursday failed to fulfil the Progressive Conservative promise to balance Alberta’s books immediately without tapping into savings. Instead, the government expects a $1.97-billion deficit, in addition to $4.3 billion of borrowing for construction projects that include new schools, road improvements and health care facilities.

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