Big surplus, no new taxes: Highlights of the Alberta budget | National Newswatch

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Big surplus, no new taxes: Highlights of the Alberta budget | National Newswatch
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EDMONTON — Alberta's United Conservative government delivered its last budget Tuesday before an election expected in May. It includes a $2.4-billion surplus and more spending in health care, education and justice.— A $2.4-billion surplus based on $70.7 billion in revenues and $68.3 billion in spending .— New fiscal framework legislation to mandate balanced budgets and operational spending caps.— Kindergarten to Grade 12 operating expenses increases by 5.2 per cent.

— $178 million of revenue reductions over three years to make post-secondary education more affordable for students, including reduced loan rates, extended repayment grace period and tuition increases capped at two per cent starting in fall 2024.— $10 million over two years to promote rural tourism. — An $800 million investment over three years from the TIER fund to programs to reduce greenhouse gas emissions and to support green technology.

— The capital plan has $23 billion over three years for a range of projects, including roads, bridges, recreational centres and schools.

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