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Alberta budget pleases some but not all construction stakeholders

Warren Frey
Alberta budget pleases some but not all construction stakeholders
GOV'T OF ALBERTA/CHRIS SCHWARZ - Alberta Premier Danielle Smith and Finance Minister Nate Horner (above) presented Budget 2024 on Feb. 29 in Edmonton.

Some Alberta construction stakeholders are reacting positively to the announced Feb. 29, but others have a dimmer view.

president Bill Black said the budget recognized the need to deal with an ongoing labour shortage, something his organization and others have lobbied for.

鈥淭he $5,000 incentive added to the 鈥楢lberta is Calling鈥 campaign, funding for collegiate schools, funding for the Northern Alberta Institute of Technology鈥檚 technical training centre, these are all good to see because the government is recognizing that they have a role to play in our long-term workforce challenge,鈥 Black said.

He added housing as an issue that is 鈥渋nextricably linked.鈥

鈥淲e need people to move here, they need homes, we need people to move here to build homes,鈥 Black said.

Calgary 麻豆传媒高清ion Association director of public affairs and external relations Fano Cavar added the budget showed a provincial commitment to rail projects.

鈥淭he budget includes a $2 million study to assess the feasibility of a rail link between Calgary鈥檚 downtown and the airport which is important because it鈥檚 happening in parallel to expansion of the Blue Line, pushing $43 million to build a new station at 88 St. NE takes us even one stop further,鈥 Cavar said.

鈥楴ot a historic Alberta budget on its own鈥

president Mike Martens contrasted the Alberta budget with British Columbia鈥檚, which was also recently unveiled.

鈥淭his is not a historic Alberta budget on its own, but where it stands out is how it contrasts with the rest of the country and specifically B.C.,鈥 Martens said. 鈥淲e鈥檙e going to have small surpluses in Alberta beginning in 2024-25, and compare that to $20 billion in combined operating deficits in B.C. over the same period.

鈥淧rogram spending rises but is less extensive than in B.C., so we applaud that fiscal restraint. As much as we would like to see more consistent spending on infrastructure, I think that鈥檒l be in program spending. We want to see multiple-year spending on infrastructure, but in general we take a higher-level approach and given the Canadian context of a very much struggling economy, Alberta stands out,鈥 he added.

The (PCA) praised the Alberta budget for a focus on 鈥渇iscal responsibility and investments in skills training and infrastructure to support the province鈥檚 growing population.鈥

鈥淚t鈥檚 refreshing to see this government鈥檚 commitment to fiscal balance. This is a responsible budget that at the same time makes major investments in health care, education, new apprenticeship spaces and infrastructure to keep Alberta鈥檚 economy strong, and growing,鈥 PCA president and CEO Paul de Jong said in a release.

Some infrastructure dollars missing

chair Jason Portas also voiced support for the budget, but pointed to some infrastructure as deserving of further funding.

鈥淲e are encouraged by the budget, especially in the continuing investment in buildings, roads and people that are the backbone of our growing province,鈥 Portas said in a release.

鈥淲e appreciate the new funding for the Red Deer Hospital. However, we are disappointed that the Edmonton South hospital is not receiving additional funding at this time and hope that the delay will be brief.鈥

Portas also praised further investments in roads and light rail transit such as Calgary鈥檚 Blue Line and added funding for apprenticeships and post-secondary trades education.

In a release the called the budget a 鈥渕issed opportunity to plan for a clean economy.鈥

鈥淭his was the first Alberta budget since the release of the province鈥檚 Emissions Reduction and Energy Development Plan in April 2023, and so represented the best opportunity to make progress by investing in reducing emissions and building the clean economy that Albertans will need to be ready for future economic prosperity. Regrettably, the government鈥檚 budget missed this opportunity almost completely,鈥 Pembina Institute executive director Simon Dyer said.

Dyer said while the budget did allocate some of Technology Innovation and Emissions Reduction (TIER) carbon emissions trading revenue to emissions reduction rather than reducing the province鈥檚 debt, 鈥渨e believe that 100 per cent of TIER revenue must be directed toward emissions reductions projects that help the province diversify its economy to become less reliant on non-renewable resource revenue. That did not happen.鈥

also expressed discouragement with the amount of funding allocated to Alberta鈥檚 $30-billion infrastructure deficit.

鈥淭he $722 million in funding allocated to the Local Government Fiscal Framework (LGFF) in the provincial government鈥檚 2024-25 falls far short of what is needed to address current infrastructure needs,鈥 an ABMuni release said. 鈥淏y not increasing LGFF capital funding and increasing provincial education property taxes by $230 million (an increase of 9.1 per cent), the provincial government continues double-downloading the tax burden onto municipal governments and property owners.鈥

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