Notley's Address - "How it will affect Albertan's"

On November 5, 2015, Alberta Premier Rachel Notley delivered her state of the Province address. As it is no surprise with the plunging oil prices has likely led Alberta's economy into a recession, Albertan's are all curious as to the government response to our current economic state. The following is a summary of key highlights of Rachel Notley's address to the Edmonton Chamber of Commerce:

  • Prioritizing public dollars and maintaining funding for core services (Health, Education & Key Social Services):
    • $10 Million each to Royal Alexandra Hospital & Misericordia Community Hospital for capital improvements;
    • $833 Million for 36 replacement and modernization of schools;
    • $264 Million for post secondary campus expansions (Grant MacEwan University, NAIT, Norquest College);
  • $4.5 Billion capital/infrastructure spending over the next 5 years:
    • $104 Million to complete interchange at Queen Elizabeth 2 Hwy & 41 Avenue;
    • $80 Million to complete highway 19 connecting Devon and Nisku;
    • Completion of the Anthony Henday by 2016;
  • Stabilization of Government spending and growth of Alberta's economy:
    • Limiting Government Spending increases to 2% annual:
    • Higher Government spending restraints to be implemented to assist in the stabilization of healthcare spending;
    • Restriction of Government borrowing to 15% of GDP;
    • $1.5 Billion funding to ATB Financial;
    • $50 Million funding to Alberta Enterprise Corporations;
    • AIMCO - 3% ($540 Million) of Heritage Fund set aside to invest in Alberta's economic growth;
  • Partnering with small businesses and entrepreneurs to diversify economy and creating jobs;
    • 187,000 new Albertans anticipated by 2018;
    • Minimum wage increase from $10/hour to $15/hour by 2018;
    • Restoring STEP program to assist employers in hiring students (available to small businesses);
    • Job Creation Incentive Program;
  • Personal & Corporate Tax changes:
    • Personal tax increases for individuals with income exceeding $125,000;
    • Corporate tax increases from 10% to 12% on Alberta's general or manufacturing and processing. As a result, increases to Canadian-controlled private corporation (CCPC) rate on investment income.

To view Rachel Notely's state of the Province Address, please click on the link below: 

http://edmontonjournal.com/news/politics/livestream-premier-rachel-notleys-state-of-the-province-address

For NDP's platform, please visit: 

http://www.albertandp.ca/platform