AB 2025-2026 Budget

[MacLac]

What is the likelihood ‘Ol Smitty budgets for the following projects in YEG?

1.) New Stollery - more empty Platitudes about their “commitment” to Health Care blah blah blah. Continuation of last years budge of $30M for the next few years.

2.) NAIT’s New Trades Complex - thinking it will most likely break ground this year - north of $400M.

3.) U of A - Zilch - other than a few small projects already announced.

4.) Metro Line expansion - Zilch - Sohi hasn’t officially asked for any bucks yet.

5.) Schools - continuation of dozens of schools announced by previous governments….for some reason they seem to double or triple count “previously announced” projects all of the time.

6.) New Courthouse - more of last years already announced “planning” dollars. But nothing concrete. Geez, kind of envious of Red Deer’s new courthouse. “If we use the logic that buddy in the Global story uses for our new courthouse…..”Red Deer is at 100,000 peeps so they get a $140M new courthouse.” So YEG’s new courthouse should be in the Billions. Funny how Strathcona County has more peeps than Red Deer but still has a 3rd world facility.

Thoughts? Concerns? Comments?

 

[erudyk_29]

^ Paying their property taxes?

 

[Kosy123]

^ Paying their property taxes?

All I can say is that the GIPOT is increased, is it by the amount the city wants? Nope. But there is an increase allocated.

 

[bodsbods9090]

All I know is they are reducing income taxes for us Albertans...which usually means there will be money taken from elsewhere to make this work financially for the government to fund things.

 

[David A]

They have already been cutting things madly for the last six months to a year to try make this work, because unfortunately for them this time oil prices have not been that cooperative.

 

[YEG imagineer]

Could be a budget increase for passenger rail with the plan to be unveiled this summer.

 

[Airboy]

What is the likelihood ‘Ol Smitty budgets for the following projects in YEG?

1.) New Stollery - more empty Platitudes about their “commitment” to Health Care blah blah blah. Continuation of last years budge of $30M for the next few years.

2.) NAIT’s New Trades Complex - thinking it will most likely break ground this year - north of $400M.

3.) U of A - Zilch - other than a few small projects already announced.

4.) Metro Line expansion - Zilch - Sohi hasn’t officially asked for any bucks yet.

5.) Schools - continuation of dozens of schools announced by previous governments….for some reason they seem to double or triple count “previously announced” projects all of the time.

6.) New Courthouse - more of last years already announced “planning” dollars. But nothing concrete. Geez, kind of envious of Red Deer’s new courthouse. “If we use the logic that buddy in the Global story uses for our new courthouse…..”Red Deer is at 100,000 peeps so they get a $140M new courthouse.” So YEG’s new courthouse should be in the Billions. Funny how Strathcona County has more peeps than Red Deer but still has a 3rd world facility.

Thoughts? Concerns? Comments?

1) will get a location and money to demo the current building on site. but that's it.
2) yes, but this has been announced a few times. Maybe we will see this get the money to build.
3) agreed.
4) agreed
5) they will say we get 5 more in the province which have already been announced but not funded. there is a package of 5 coming this fall.
6) nope nothing.
Money for more charter schools.
The money for the Wellness prisons.
Money for phase 2 of Red Deer Hospital.see this project budget up to 1 Billion total.
But they will announce they have to bite the bullet and have an austerity budget.

We will see maybe a 1% drop in personal taxes and larger drop in corporate taxes.

 

[CplKlinger]

Alberta Budget 2025: Province sets aside $106 million in Edmonton deal with city, OEG to demolish Coliseum, build event park and Downtown development

Alberta’s answer to Edmonton’s calls for arena funding as Calgary could be a $106-million agreement with the Oilers Entertainment Group.

edmontonjournal.com

• 52 million for an event park in Downtown Edmonton just east of the arena
• $37.5 million to demolish the Northlands Coliseum, former home of the Edmonton Oilers, and improve the site
• $16.4 million to prepare the land at the Village at Ice District, an expansive private development by Katz Group expected to include retail and commercial space alongside new housing units
  
  "Descriptions of the “event park” located east of Rogers Place appear to describe the location where the OEG’s named “fan park” now sits. That space has been converted into the Oilers’ “fan zone” during the NHL playoffs, carnivals and other events in recent years. Provincial officials said Thursday the $52-million event park would include an indoor and outdoor component east of the arena. It would be a public recreation and community gathering space."

 

[BASE]

Alberta Budget 2025: Province sets aside $106 million in Edmonton deal with city, OEG to demolish Coliseum, build event park and Downtown development

Alberta’s answer to Edmonton’s calls for arena funding as Calgary could be a $106-million agreement with the Oilers Entertainment Group.

edmontonjournal.com

• 52 million for an event park in Downtown Edmonton just east of the arena
• $37.5 million to demolish the Northlands Coliseum, former home of the Edmonton Oilers, and improve the site
• $16.4 million to prepare the land at the Village at Ice District, an expansive private development by Katz Group expected to include retail and commercial space alongside new housing units
  
  "Descriptions of the “event park” located east of Rogers Place appear to describe the location where the OEG’s named “fan park” now sits. That space has been converted into the Oilers’ “fan zone” during the NHL playoffs, carnivals and other events in recent years. Provincial officials said Thursday the $52-million event park would include an indoor and outdoor component east of the arena. It would be a public recreation and community gathering space."

That's a long ways from the $300+ million or so but nice to see coliseum demo funded.

 

[Kosy123]

We only get 1/3 of the amount allotted to Calgary

 

[CplKlinger]

Some more highlights:

• Grants in Lieu of Property Tax, which the province provides for provincial properties, will rise to 75% of what the taxes would be, up from 50% (it used to be 100%). They'll get it back to 100% in 2026, but won't provide any back pay.
• Education property taxes will go up over the next two years so that they cover one-third of education funding. It's important to remember that you pay this with the rest of your property tax, but it's set by the province, which also gets all the money from it.
• The Yellowhead Youth Centre project seems to have gotten a funding cut too, comparing this year's budget to last year's.
• The UofA's funding remains the same as last year, and only one of its capital projects, the Biological Sciences Building redevelopment, is getting funding. MacEwan University is getting money for its School of Business, but it doesn't look like NAIT got any additional funding for its Advanced Skills Centre. Norquest is getting $4 toward a new building.
• The province is putting $2 million toward studying new towers to add beds to Grey Nuns and Misericordia, and also advancing its planning for the new Stollery - there's no money set aside for constructing anything.

 

[SarcasticMarmot]

• $16.4 million to prepare the land at the Village at Ice District, an expansive private development by Katz Group expected to include retail and commercial space alongside new housing units

Gross. Paying for the ground work for the money making development of Edmonton's richest man. I want the village to happen, but it should be on Katz's dime not the taxpayer's. If he's gonna make the profit, he should take the risk.

 

[SarcasticMarmot]

The Winspear is getting $13 in funding for its expansion, though that leaves around a $20 million shortfall still.

This looks like the $13m that the province already agreed to when approached by winspear earlier. So it's already included before getting to the ~$30m shortfall.

 

[CplKlinger]

Gross. Paying for the ground work for the money making development of Edmonton's richest man. I want the village to happen, but it should be on Katz's dime not the taxpayer's. If he's gonna make the profit, he should take the risk.

Good point, I'll take that out.

 

[TAS]

• The province is putting $2 million toward studying new towers to add beds to Grey Nuns and Misericordia, and also advancing its planning for the new Stollery - there's no money set aside for constructing anything.

Edmonton is not getting the health facility money it needs - we've had huge growth.

Meanwhile, the money for YYC health projects alone surpasses everything we got for downtown, Coliseum, grants in lieu of taxes.

Just part of YYC's haul: new office of the chief medical examiner, which will receive $45 million over three years; the Bridgeland Riverside Continuing Care Centre, which will get $64 million; a new central drug production facility that will receive $61 million; and the future Calgary Radiopharmaceutical Centre, which will receive $54 million.