Quote:
Originally Posted by Slava
I'm disappointed for a couple reasons that are kind of intertwined. First, we heard for so long that we had to increase revenues to balance the books. So we grudgingly accepted increased taxes...or at least could sort of see our way past them. That didn't do a bloody thing though, obviously, as they're borrowing for operations. The infrastructure spend would be understood, but increased taxes couldn't fund operations!
Which brings me to the other glaring issue. All this talk of being too reliant on fossil fuels, and this doesn't do anything to change that. If anything they're doubling down because now we as a province will collect royalties on the fuels produced and then tax end users. I know there are relaxations to avoid double taxation, but I fail to see how this takes us off the reliance on fossil fuels, or anything close to that.
Really just a complete and utter disaster.
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Operational spending is set to rise $2.5 B more than their budget in October, which was already an increase on already growing spending.
Operational spending is going up close to 20% in 4 years. Yee haw.
I think think they are projecting $2b a year in interest payments by then too.
Good thing they committed to keeping costs under control. Imagine if they hadn't