Monday, June 26, 2006


We are in the money

Alberta posts a record $8.7 billion surplus. The number actually would have been $10 billion had the province not decided to send each resident $400 rebate cheques.

Fact: Alberta's surplus is more than the projected budget expenditures in six of the country's 10 provinces for 2006. Saskatchewan, Manitoba, Nova Scotia, New Brunswick, Prince Edward Island and Newfoundland and Labrador all expect to spend less money this year.

Fact: The Government of Alberta could now purchase one of the aforementioned jurisdictions. Prince Alberta Island? Steak and mashed for all.

Fact: The Government of Alberta *could* transfer a few hundred million to the University of Alberta and it could buy an entire faculty from McGill University. Sound far fetched? It shouldn't because there is real fear developing on Sherbrooke Street that this might happen. The University of Alberta could simply relocate an entire department with staff to the campus.

Fiction: The Government of Alberta will post an equally impressive surplus this fiscal year and attempt to give the citizens *their* money back. They will resist and instead invest the money in the Heritage Fund. A wise move if there every was one.

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