EDMONTON – Alberta Premier Alison Redford says that while early numbers don’t look good, the budget will not be balanced on the backs of towns and cities.
Speaking to the Alberta Urban Municipalities Association in Edmonton, the premier said her government is committed to ongoing funding support for capital project initiatives.
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Last month, Finance Minister Doug Horner reported that falling oil revenues and a volatile global market may leave the province with a deficit as large as $3 billion this year.
The original projected deficit in the 2012-13 budget was $886 million.
Redford said given the fluidity of world markets, the province is not making budget decisions based on one bad quarter.
She has promised to balance the budget by 2014.
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