Alberta Budget 2023

Alberta's 2023 budget continues affordability measures and targeted investments in public safety, healthcare, and education as the projected surplus ...

making prescription contraceptives free this year](https://vancouverisland.ctvnews.ca/b-c-making-prescription-contraceptives-free-this-year-1.6293310) man who killed stranger with a crossbow dies in prison](https://kitchener.ctvnews.ca/kitchener-ont-man-who-killed-stranger-with-a-crossbow-dies-in-prison-1.6292901) Patrick's Day parade cancelled due to lack of volunteers, money](https://ottawa.ctvnews.ca/ottawa-st-patrick-s-day-parade-cancelled-due-to-lack-of-volunteers-money-1.6292877) man left with huge medical bills after insurer denies coverage following stroke in Arizona](https://regina.ctvnews.ca/sask-man-left-with-huge-medical-bills-after-insurer-denies-coverage-following-stroke-in-arizona-1.6292982) Vermont State Police are investigating after a man collapsed and died shortly after crossing the border into the United States from Quebec on foot last week. The UCP's provincial budget commitment to Calgary has a high focus on transportation projects and health care. A growing body of research is showing links between COVID-19 and heart-related problems, particularly in young people. Notley criticized the budget for insufficient new spending on health-care worker retention. Starting in July, fuel tax rates will be determined on a quarterly basis using the average oil price and only providing relief when oil soars. "We didn't take the Ralph Klein approach of doing it in one year, of 20 per cent cuts," Toews said. Over the next three years, Budget 2023 allocates $23 billion in capital spending, with more than half of that being spent on roads. Last fiscal update, the province forecasted a $5.7 billion surplus for 2023-24.

Alberta's UCP government tabled what amounts to a pre-election budget Tuesday with spending north of $70 billion and a surplus of $2.4 billion.

That’s up from 9.9 per cent projected in the fall. Our caution, where we’re tapping the brakes is saying, ‘Folks, go times won’t always be rolling. Officials said that funding will cover expected student enrolment growth of 2.5 per cent. For 2023-24, the province is forecasting the price of West Texas Intermediate (WTI) to average US$79 a barrel. Article content “We’re concerned to see spending going up, but we’re in a surplus so the good times are rolling.

Albertans have an opportunity to ask questions and learn more about the provincial budget.

6:30 to 8 pm How to participate

The Alberta government is boosting funding for health, K-12 education, public safety and paying down debt as it wraps up the current fiscal year with an ...

Legislation is also coming that would require the government to keep all interest earned in that fund. That would bring the fund's value to $20 billion by March 31, 2024. After three years of painful cuts to the province's post-secondary institutions, that funding will rebound, too. More information is coming on Wednesday about how $372 million will be allocated for new school design and construction. The new "fiscal framework" would allow a government to post a year-end deficit if the cost of a disaster exceeds contingency funds, revenue is more than $500 million lower than expected, or the government is on the hook for a huge legal settlement. After three years of trying to rein in spending on public services and cut the size of the public service, the UCP government is increasing health-care spending by nearly four per cent, or close to $1 billion.

Alberta Finance Minister Travis Toews said the province's latest budget secures the province's position as the “economic engine of Canada.”.

Mayor Jyoti Gondek dismissed the idea that it was a pre-election budget designed to get votes in Calgary. This time it's zero million so I should have been happy the last time around," Mayor Gondek said. The mayor said she also believes that would include a ridership study. It’s likely to be the battleground in the upcoming provincial election. The province forecasts a surplus of $2.4 billion on $70.7 billion in revenue. They also expect real GDP growth of 2.8 per cent in 2023, which would be the fastest pace in the country.

The Government of Alberta's Budget 2023 features an increase of funding for post-secondary and affordability measures including a two per cent cap for ...

An additional $373 million in funding for the Alberta at Work program was announced. Every year, The Gateway publishes hundreds of articles like the one you just read that are free for everyone to access. The operating expense for post-secondary institutions is funded by the provincial government and post-secondary institutions themselves. There is also $35 million in funding to add 1,800 health care aids and nurses over the next three years. Budget 2023 expects post-secondaries to fund the operating expense from their own-sources and reserves. Flanagan said that there were plans to do this deconsolidation in the following fiscal year. The estimated total operating expense is $5.29 billion, and the government is projected to fund $2.45 billion of that. Separate from the affordability measures, $180.8 million in Budget 2023 will be allocated towards scholarships and awards. This is a one per cent increase from Released on February 28 by Minister of Finance Travis Toews, Budget 2023 outlines $66.8 million in total expenses and a budgeted surplus for the government of $2.4 billion. The student loan interest-free grace period will be extended from six months to one year, following graduation. This is a reverse of what was brought in during

Alberta is planning to spend about $23 billion of its $205-billion budget over the next three years on capital projects including billions on roads, ...

making prescription contraceptives free this year](https://vancouverisland.ctvnews.ca/b-c-making-prescription-contraceptives-free-this-year-1.6293310) man who killed stranger with a crossbow dies in prison](https://kitchener.ctvnews.ca/kitchener-ont-man-who-killed-stranger-with-a-crossbow-dies-in-prison-1.6292901) Patrick's Day parade cancelled due to lack of volunteers, money](https://ottawa.ctvnews.ca/ottawa-st-patrick-s-day-parade-cancelled-due-to-lack-of-volunteers-money-1.6292877) man left with huge medical bills after insurer denies coverage following stroke in Arizona](https://regina.ctvnews.ca/sask-man-left-with-huge-medical-bills-after-insurer-denies-coverage-following-stroke-in-arizona-1.6292982) Vermont State Police are investigating after a man collapsed and died shortly after crossing the border into the United States from Quebec on foot last week. The UCP's provincial budget commitment to Calgary has a high focus on transportation projects and health care. A growing body of research is showing links between COVID-19 and heart-related problems, particularly in young people. There is also some money to expand the Valley and Metro lines in the capital as part of plans that were previously announced. "The affordable housing investments here are less than half of what is needed. There is $155 million for recovery communities in Red Deer, Lethbridge, Gunn, Edmonton, Calgary and the Blood Tribe First Nation. The Stollery and the Strathcona Community Hospital are each getting $3 million for planning. The infrastructure expense total is about $8 billion in 2023-24.

After years of growth and a chill of sorts on education spending, Edmonton's major school districts see some warmth in Alberta's budget.

“In addition, we look forward to exploring how increased transportation funding will help alleviate the pressures our contracted carriers are currently experiencing due to the ongoing bus driver shortage.” But more than three years after the COVID-19 pandemic shuttered schools and created massive disruptions, students are still facing multiple challenges, particularly in learning. “This means we’re playing catch up,” Estabrooks said. Estabrooks said the division grew by 4,000 students last year and is expected to grow by another 4,000 in the year ahead. “For many years it has been frozen, and that has had a significant detrimental impact to kids in our division,” she said of the province’s education budget at the Alberta legislature building Tuesday. Article content

The 2023 provincial budget was tabled Tuesday — here are the key places Edmonton will see funding from the Alberta government this year.

Capital funding is set aside for the building of 14 new schools across the province, including Edmonton, with $372 million set aside for design and construction. As for charter schools, $42 million over three years will be invested into the Charter Hub, ultimately creating 2,000 new student spaces between Calgary and Edmonton. With a $2.4 billion surplus, the government has the ability to fund more projects than was possible with budgets in recent years. Surgical wait times soared over the past few years, and the province will mitigate that wait with $39 million more funding going towards the Alberta Surgical Initiative Capital Program in 2023 than 2022, and $120 million in new funding Maintenance and construction of highways and roads will be supported through the Municipal Sustainability Initiative (MSI), with $14 million for 50th Street construction and a joint $127 million for ring roads in Calgary and Edmonton. An additional $54 million will go to the Indigenous Housing Capital Program to address demand for affordable housing and financial sustainability in housing for ongoing projects and new projects.

The budget "signals from the provincial government ... that they're interested in partnering with us," said Mayor Jyoti Gondek.

“It is actually a good news story.” The budget document says this increase in indexing will make municipalities “full partners in Alberta’s economic fortunes.” “This is not that. “All of those factors are considered when the Treasury Board makes the final decisions around the capital plans.” Gondek said she was disappointed not to see money for the city’s downtown revitalization strategy, which received $5 million in last year’s budget. “That’s what I’m getting from this budget package,” said the mayor. The 88th Avenue Station would be the next stop past the existing terminus at Saddletowne station. The Blue Line plan would have a spur line running east to connect at a yet-unbuilt 88 Avenue N.E. This is a budget that indicates some pretty clear signals about projects that they believe in.” City administration already has a plan for connecting the airport to both the Blue Line and the Green Line. Article content that they're interested in partnering with us," said Mayor Jyoti Gondek

Alberta Finance Minister Travis Toews introduced a "balanced budget" Tuesday, a first for the UCP government under Premier Danielle Smith.