It’s almost like basing your entire economy on one single commodity is an incredibly short sighted choice.
Alberta voted in a government who ran on balancing the budget through the magic of oil prices. Only a couple short years later, all of our public services are in crisis mode and the budget is worse than ever before because the price of oil didn’t meet their projections. But hey, at least they got rid of that annoying photo radar thing, so you can let off some steam via road rage if the O&G market has got you feeling down. Bonus points if you run over any cyclists or trans kids.
Looking forward to 40 more years of backwards bullshit in this province.
I’m sure deferring maintenance and causing two $billion+ main watermain breaks in Calgary had nothing to do with it
Is that really the province’s fault though?
Not agreeing with Smith when she blames Nenshi, but wouldn’t the watermain breaks be the collective responsibilities of all the previous sessions of city council up to the break for not doing routine inspections?
In any case it’s annoying to me that she’s blaming the oil glut for the deficit without announcing exactly what proper long-term plans she has to diversify the economy to prevent this issue from being a repeat one. Like, an AI data centre is not going to be a good long-term investment if you just look how much has been dropped into OpenAI to attempt to make it profitable.
A bunch of city funding comes from the province.
True, but isn’t it the city’s responsibility to properly allot that funding? Or are you saying that the cities are underfunded by the province, which I wouldn’t be surprised by.
Yeah I was getting at the fact that they’re underfunded.
The report from the city actually found they were underspending on risk analysis and mitigation, not that they were underfunded.
I don’t know if Alberta is like Ontario, but here in Ontario over the last 3 decades the province has slowly been reducing how much it transfers to cities while also offloading more expenses onto those cities.
This has resulted in:
- higher house prices as cities have needed to start adding large fees to house building in-order to help balance the books (and raising property taxes is always very unpopular)
- worse public transit as the provinces now expect cities to take on more of those expenses.
And likely other things too. But those are the ones always on my mind
im sure as a separate nation they can stand on their own two feet, considering their vast oil reserves…
like venezuela!
/s
They’re planning for the US to pay off their debt when they join them.
Buy a good Canadian company bike
That’s some good planning there Lou.
Well, on the upside, I’m sure the middle east literally and figuratively exploding into a war zone will drive prices up in the near future. If Iranian counter-attacks take out Saudi and Emirati oil fields it will probably send oil way up.
They’ve closed the straight of Hormuz which transports 20% of global oil.
Lol
