Will this Kenney budget powder keg explode? - 2019-11-28
When the Alberta budget was unveiled on Oct. 24, it became clear what the province's workers and its public institutions were up against. The budget promises more than a billion dollars in cuts, to move towards a balanced budget and to accommodate cutting the corporate tax rate from 12 per cent to eight per cent over the next four years.
To meet those ends, municipalities have had to rehash their budgets with everything from police services to new transit lines on the chopping block. Organizations that work with the less fortunate, such as the Calgary Homeless Foundation, are trying to find ways to meet increasing demand with less money.
Even Alberta Innovates, the province's technology and innovation bureau - and one of the partnering organizations working on efficiencies in the oil and gas sector - saw drastic cuts resulting in 125 layoffs.