Stony Plain town council approved the use of reserves to fund the 2013 year-end deficit of $309,761.28.
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Tag Archives: deficit
Alberta’s deficit may not be as bad as forecast
EDMONTON — Alberta’s fiscal situation has been improving recently, but that doesn’t mean the provincial government is set to open the taps on spending, Finance Minister Doug Horner said Monday as the 2013 budget received royal assent.
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Devon, Calmar and other county municipalities see dip in MSI dollars
Despite the provincial deficit, the City of Leduc, Leduc County, the Town of Beaumont and the Village of Warburg will all receive an increase to their Municipal Sustainability Initiative (MSI) dollars for 2013.
The annual allocation of dollars as part of the program allows municipalities to invest in infrastructure, with city officials deciding how the funds should be allocated as per the guidelines.
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Lamphier: Alberta ought to tax its way out of the bitumen bubble blues
EDMONTON – With the “bitumen bubble” blasting a $6 billion hole in the province’s energy revenues, Alberta is facing some tough choices.
Or at least, so we’ve been warned by Premier Alison Redford, Finance Minister Doug Horner and their Tory colleagues.
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Federal deficit shrinking faster than expected
The latest federal budget deficit numbers suggest the shortfall is shrinking faster than even the government expected, and prompting speculation Ottawa could be out of the red a year ahead of schedule.
The Finance department said Friday November’s federal budget deficit was $1.9 billion, a slightly bigger shortfall than the $1.6 billion recorded in the same month of 2011.
Read more: http://tinyurl.com/aek9b74
Deficit as high as $3 billion likely in 2012-13, finance officials say
EDMONTON – Alberta continues to be on track to run a deficit as high as $3 billion in the 2012-13 fiscal year, provincial finance officials said Wednesday.
Speaking to the second-quarter results, Finance Minister Doug Horner said the budget problems revealed in the first-quarter financial update continued during July, August and September.
Read more: http://tinyurl.com/c6op5d8