Alberta government seeks $6 billion in new oil and gas taxes for 2017-18 budget
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Calgary, AB – The Alberta government says it is seeking $6.4 billion in additional provincial and municipal taxes for the 2017-19 budget.
The money comes from an additional $1.5 billion in oil and natural gas taxes and the provincial sales tax.
In addition, Alberta has agreed to pay the federal government $5.6 billion to help it manage the downturn in the oilpatch.
The government has committed to $2.5 million in additional spending on roads and bridges over the next three years to help ease congestion on the Alberta highways.
The province also has agreed $300 million over five years to assist First Nations communities in the transition from an oil industry to a non-oil economy.
“The budget includes more than $3 billion to support the Alberta economy in the next fiscal year,” said Minister of Finance Joe Ceci.
“It’s a major contribution to the province’s recovery, which has been very hard fought.”
Alberta has had a tough year, but Ceci said the new revenue will help ensure that the province has enough money for the transition to a post-oil future.
The new spending will be used to: Develop a long-term plan to build roads and other infrastructure across the province.
Calgary, AB – The Alberta government says it is seeking $6.4 billion in additional provincial and municipal taxes for the…