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PUBLIC SERVICES Why Alberta needs revenue reform

PUBLIC SERVICES Why Alberta needs revenue reform. Regan Boychuk Parkland Institute AFL “Unions leading change!” Convention 29 April 2011. 3-in-4 Believe Alberta has a Pressing Social Deficit. The Roots of Alberta’s Social Deficit. Albertans Favour Public Services over ‘Balanced Budgets’.

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PUBLIC SERVICES Why Alberta needs revenue reform

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  1. PUBLICSERVICESWhy Alberta needs revenue reform Regan Boychuk Parkland InstituteAFL “Unions leading change!” Convention 29 April 2011

  2. 3-in-4 Believe Alberta has a Pressing Social Deficit

  3. The Roots of Alberta’s Social Deficit

  4. Albertans Favour Public Services over ‘Balanced Budgets’

  5. Parkland Institute Report November 2010 November 2010

  6. Alberta’s Declining ‘Fair Share’The real reason we can’t afford public services

  7. Backtracking on theNew Royalty Framework • April 2008: Deep oil and gas well royalties reduced $1.2 billion over 5 years. • November 2008: “Transitional” rates were offered for new wells, reducing royalties $1.8 billion over five years. • March 2009: 5 per cent royalties and a royalty credit were offered for new wells, reducing royalties $1.5 billion over five years. • March/May 2010: A variety of changes reduced royalty revenue $1.7 billion in 2010 alone. • Argument was that lost royalties would be offset by an increase in revenue from increased oilpatch activity.

  8. Public Opinion on Royalties Instead, Stelmach compromised Nonetheless, $1.7 billion in cuts were given in 2010 2010 ROYALTY CUTS 58% of Albertans opposed royalty cuts Even 2 out of 3 Progressive Conservative Party supporters opposed the cuts 2007 ROYALTY REVIEW • 88% of Albertans didn’t think the province was getting our fair share from oilpatch • 67% wanted Review Panel’s report adopted in its entirety

  9. Revenue Lost by Not Maximizing Gov’t Targets

  10. The Changing Nature of Alberta’s Resource Revenue

  11. Tar Sands Won’t Save Us

  12. Alberta’s Declining ‘Fair Share’The real reason we can’t afford public services

  13. Calgary Energy Analyst Peter Linder: “The public has — and should have — really no say in this matter because they don’t understand the intricacies of the royalty system. Stelmach was the first premier ever to make it a public situation — it should have never been public in the first place.”

  14. Venture Communications President Jennifer Cioffi: The 2007 Royalty Review “was the first moment where the industry realized that …focusing on the business wasn’t necessarily going to work in the longer term, because everyone’s participating in the energy debate now”.

  15. 2011Another PC Party leadership race, another opportunity for reform…

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